Altaba began trading on the Nasdaq on Monday.
Shares of Altaba, the holding company left behind after Yahoo’s sale of its core internet business to Verizon Communications, began trading on the Nasdaq on Monday.
Altaba’s main assets include a 15.5 percent stake in Chinese e-commerce leader Alibaba Group and a 35.5 percent holding in Yahoo Japan.
Verizon closed its $4.48 billion deal with Yahoo last week, marking the end of the tech pioneer as a stand-alone internet company, which was once valued at more than $100 billion.
Yahoo was officially renamed Altaba on Friday. Its shares now trade under the symbol “AABA.”
—CNBC contributed to this report.
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