Kyndryl's Volatile Debut: Managed Services Giant Endures Downward Trend Post-IBM Spinoff

Kyndryl Holdings, the recently spun-off IT managed services company from IBM, has struggled in its public market debut. Despite opening at $28.41, it has experienced a downward trend since. Kyndryl is a market leader with over 90,000 employees and significant revenue of $19.1 billion in 2020, surpassing its major competitors in size. However, its stock performance has not mirrored its dominant market position.