S&P Global Completes Separation of Mobility Global Inc. and Lists on NYSE

S&P Global completed the spin-off of its Mobility division on July 1, 2026, with the new standalone company, Mobility Global Inc., beginning regular-way trading on the New York Stock Exchange under the ticker MBGL .

The separation was structured as a tax-free, one-for-one stock distribution: shareholders of record as of the June 15, 2026 record date received one share of Mobility Global common stock for every share of SPGI they held, with fractional shares sold in the open market and paid out as cash [doc7, doc8]. S&P Global now retains no ownership stake in the new company, giving its existing shareholders direct, independent exposure to the automotive data and analytics business rather than a diluted piece of the broader S&P Global portfolio .

Mobility Global houses brands built up largely through S&P's 2022 acquisition of IHS Markit, including CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan. The unit supplies forecasts, vehicle-lifecycle data and analytics to automakers, suppliers, dealer networks, lenders and consumers globally . Ahead of the separation, the business reported roughly $461 million of free cash flow for 2025, though as a newly independent public company it will now carry its own debt load, interest expense and one-time separation and transition costs that did not show up while it was folded into S&P Global's consolidated results .

Management framed the split as a way for both companies to sharpen their strategic focus: S&P Global can concentrate on its core ratings, indices and market-intelligence businesses, while Mobility Global operates as a pure-play automotive data company with its own capital structure and its own NYSE listing to court dedicated mobility-focused investors . Early analyst valuation ranges for MBGL have clustered around 12x to 16x EBITDA, implying a low-$20s to low-$30s per-share range, though actual trading levels will depend on how the market prices the standalone entity's new debt and cost structure in the sessions following the listing .