Altaba, formerly Yahoo, starts trading

Altaba Inc., formerly known as Yahoo Inc., started trading on the Nasdaq yesterday.

The company's main assets include a 35.5 percent stake in Yahoo Japan Corp. and a 15.5 percent holding in Chinese e-commerce leader Alibaba Group Holding Ltd.

Yahoo officially changed its title to Altaba on Friday. This followed the sale of Yahoo's internet business to Verizon Communications Inc. in 2016.

Shares under the AABA symbol closed at $54.46 yesterday.

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