Zedge completed its spin-off from IDT

Zedge completed today its spin-off from IDT Corporation (the separation document can be found here). Zedge provides a popular app which allows brands to promote their content with consumers who utilize the content. Over 200 million installation of the app were recorded globally. The stock will be traded on the NYSE exchange under the ticker “ZDGE”. It looks like an interesting growth (and profitable) story that is worth checking. I’ll do the math and will update soon.

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