GE Completes Its Split Into 3 Public Companies as GE Vernova Makes Its Trading Debut

Core Insights - General Electric has successfully completed its transition into three separate companies: GE Vernova, GE Aerospace, and GE Healthcare, each trading under distinct stock tickers [1][2] - GE Vernova, the energy division, began trading under the "GEV" ticker, while GE Aerospace now uses the longtime "GE" ticker, and GE Healthcare trades under "GEHC" [1][2] Company Structure and Performance - Stockholders of the former GE received one share of GE Vernova for every four shares held in the parent company [2] - GE Aerospace, focusing on aviation technology, is the largest division by revenue, while GE Healthcare has seen a 57% increase in value since its spin-off last year [2] - On its first trading day, GE Vernova shares fell 1.4% to $140, and GE Aerospace shares decreased by 2.4% to $136.47 [2] Leadership and Strategic Vision - GE CEO Larry Culp will continue to lead GE Aerospace, emphasizing that the split allows for better investment opportunities across the distinct categories of healthcare, aerospace, and energy [3] - Culp highlighted that GE has reduced over $100 billion in debt since 2018, which has strengthened the foundation for the newly independent companies [3] - The successful creation of GE HealthCare, GE Vernova, and GE Aerospace positions them to build upon GE's legacy of innovation [3]