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$SPGI ( ▼ 1.52% ) Potentially making a move. Spin-off coming?
Bloomberg put out news yesterday that S&P is considering spinning off their financial market data and research arm CapIQ. This would be big news. A pure-play competitor for $FDS ( ▼ 0.26% ) as well as a direct competitor to $LNSTY ( ▲ 0.3% ) and their terminal as well as data business. There is also all the venture-backed companies that are competing in the financial market data space from our portfolio company Fiscal.ai to Daloopa to many other smaller players.
If CapIQ becomes a standalone business, the math has people pegging it to a high single billions market cap. Factset for example, sits at $10B in size.
The interesting piece is now $SPGI ( ▼ 1.52% ) would be a strong index and ratings business which it seems is what the investor world wants. They already spun off the mobility business and maybe they are looking at more. Or maybe with the CapIQ money, they go buy more businesses that fit the index and ratings space.
Either way, this is exciting news for the financial data space and having a potential new pure public company comp.
Manufacturing Legend Backs Greenfield Robotics
Howard Dahl spent decades building the machines that feed America. His family invented the Bobcat skid steer. The air drills planting nearly every commodity crop globally? Those too. Now Dahl is manufacturing weed-cutting robots for Greenfield Robotics out of his Fargo factory, and he wrote his own check on top of it.
Greenfield's current fleet is sold out, with over $1 million in total revenue and robots in the field since 2020. Chipotle’s venture arm and KingsCrowd Capital are also on board. The robots slice weeds with centimeter precision, replacing herbicides linked to environmental damage and rising health concerns among farmers.
Greenfield is now in Test the Waters under Reg A+. Reserving shares today locks in a 5% bonus that can grow to 20% the week the round opens to the public.
Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.