Versant closed down 13% at $40.57 in its Nasdaq debut on January 5, giving it a market value of $5.85B; Comcast distributed the shares to investors on January 2 (Hannah Miller/Bloomberg)
Hannah Miller / Bloomberg:
Versant closed down 13% at $40.57 in its Nasdaq debut on January 5, giving it a market value of $5.85B; Comcast distributed the shares to investors on January 2 — Versant Media Group Inc., the parent of CNBC, USA and other cable-TV networks, fell 13% in its first official day of trading after being spun off from Comcast Corp.