MSG Sports is splitting the Knicks and Rangers into two stocks, and history says spin-offs tend to beat IPOs

Investors are watching how the New York Knicks perform today on two very different courts: the hardwood at Madison Square Garden, and the floor of the New York Stock Exchange farther downtown. The Knicks tip off their drought-ending NBA championship defense tonight against LeBron James, who makes his debut with his new team, the Philadelphia 76ers . Resale tickets have averaged about $2,600 apiece on SeatGeek as fans clamor to see the team raise its first championship banner in 53 years.

Source: Fortune Crypto