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.