S&P Global Spins Off Automotive Data Business with New Entity Launching in Early July

In its May 1 filing, S&P Global Inc. (SPGI) disclosed that Catherine R. Clay, CEO of its S&P Dow Jones Indices business, purchased 2,500 shares of the company’s common stock in the open market for approximately $1.08 million (roughly KRW 1.5 billion), increasing her direct ownership stake. The Form 4 also restated two previously granted restricted stock units (RSUs) awarded on March 1, but included no new grants or vestings.

To effect the spin-off and public listing of its automotive and mobility data division, S&P Global filed a Form 10 registration statement with the SEC under the name Mobility Global Inc. (MBGL), outlining the new entity’s business strategy and historical financials. On May 21, the board approved a tax-free spin-off of the Mobility unit to shareholders. As of the record date on June 15, holders of S&P Global common stock will receive one share of Mobility Global common stock for each S&P Global share owned. The spin-off and Mobility Global’s listing on the New York Stock Exchange are expected to be completed in the early hours of July 1.

In preparation for the spin-off, S&P Global, through Mobility Global, privately placed $2 billion of senior notes and secured a $500 million senior revolving credit facility, optimizing its capital structure. Following these announcements, S&P Global’s share price climbed over 3% in a single trading session. Earlier, in its first-quarter 2026 results, the company delivered revenue and earnings per share that topped market expectations, prompting several major brokerages to raise price targets and issue positive investment ratings.

Headquartered in New York, S&P Global is a leading provider of financial information, credit ratings, indices, and data, serving capital markets and corporations through its S&P Global Ratings, S&P Dow Jones Indices, and Market Intelligence divisions. The Mobility unit being spun off comprises automotive data and analytics brands—including CARFAX, Polk, and automotiveMastermind—and offers end-to-end mobility intelligence across a vehicle’s lifecycle.