BlackBerry, a Canadian technology firm trading as BB.TO, announced its intention to divide its Internet of Things (IoT) and cybersecurity divisions.
According to a Reuters report, the company aims to pursue an initial public offering (IPO) for its IoT division as a subsidiary in the upcoming fiscal year. This strategic move aligns BlackBerry with a growing trend among companies, opting for a streamlined corporate structure to enhance investor assessment of their distinct business segments.