Liberty Trip Advisor Holdings, the tracking stock that houses Liberty Interactive’s 22% interest in online travel site Trip Advisor and its stake in e-commerce company Buy Seasons, began trading on the NASDAQ Exchange Thursday under the symbols LTRPA and LTRPB, opening at a price of $37.36 per share.
According to Yahoo Finance, the stock had ranged in price from $34.40 each to $38.35 per share. It closed at $35.77 each.
Liberty Interactive said it completed the spin of TripAdvisor on Wednesday night (Aug. 27). According to terms of the spin, Shareholders of Liberty Ventures (which includes its minority interest in several programmers) received one share of Liberty TripAdvisor Holdings for each Liberty Ventures share they own.
Liberty Interactive isn’t finished on the spin-off front. The company plans to spin off its interests in home shopping channels QVC and HSN, Inc., into a separate tracking stock called QVC Group. A second tracker, called Liberty Digital Commerce, would hold its e-commerce businesses like Provide Commerce and Bodybulding.com . But since Provide Commerce struck a deal with florist FTD, those spin plans have been put on hold. Earlier this year, Liberty also announced plans to create Liberty Broadband, which will hold its 27% interest in cable operator Charter Communications.