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Video Spinoff Vimeo Slumps in Nasdaq Trading Debut

WATCH: Vimeo CEO Anjali Sud discusses the enterprise video platform's spin-off from IAC/InterActiveCorp and growth strategy.(Source: Bloomberg)

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By Katie Roof

May 25, 2021 at 10:47 PM UTC

Updated on

May 26, 2021 at 12:13 AM UTC

This article is for subscribers only.

Vimeo Holdings Inc. fell 13% in its trading debut as a standalone company after being spun off from Barry Diller’s IAC/InterActive Corp.

The business video software company is the 11th public company to be spun off from IAC, joining Match Group Inc., Expedia Group Inc. and LendingTree Inc.