GE Vernova completes spin-off and begins trading on the New York Stock Exchange

GE Vernova announced the completion of its spin-off from GE and its commencement of trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV”, effective at the market opening on April 2, 2024. In a first for the NYSE, both GE Vernova and GE Aerospace, which launched as independent companies, jointly rang the opening bell at 9:30 a.m. ET. The spin-off of GE Vernova was achieved through GE’s distribution of all shares of GE Vernova Inc.’s common stock. Each holder of record of GE common stock received one share of GE Vernova Inc. common stock for every four shares of GE common stock held on March 19, 2024. GE Vernova has more than 80,000 employees across more than 100 countries. Many of the world’s leading utilities, developers, governments and large industrial electricity users rely on its installed base to generate, transfer, orchestrate, convert and store electricity reliably and efficiently.