Vimeo
Vimeo completes spin-off from IAC, to begin trading in Nasdaq
Chennai/UNI: Vimeo, the online video platform, has announced the end of its spin-off from InterActiveCorp (IAC) and plans to begin trading on Nasdaq under the symbol of “VMEO” as a separate publicly-traded company.
Based on the pre-market trading, analysts expect the company’s valuation to be around USD 10 billion.
Vimeo CEO, Anjali Sud, is a 37-year-old Indian-American female CEO in the competitive and ever-evolving field of technology.
In India, Vimeo’s operation is based in Bangalore and is led by Dayananda Nanjundappa, SVP of Platform and Technology and Head of India Operations, sources said.
Vimeo is the 11th public company to emerge from IAC in a continuation of a model that has created USD 100 billion of shareholder value over the last 25 years, dating back to when Barry Diller took the helm of Silver King Communication.
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