The newly spun-off MSG Entertainment began trading as a public company on Monday as the live business continues to wait in the wings due to pandemic-related shutdowns of events.
Shares of MSGE opened at $68 on Wall Street. Each MSG common stockholder received one share of MSGE Class A or B common stock for every common stock of MSG they held before the spinoff.
The company also announced the appointment of Mark FitzPatrick as its executive vp and chief financial officer, reporting to CEO James Dolan.
FitzPatrick arrives after a four-year tenure as deputy CFO at WeWork, preceded by 10 years at Time Warner Cable. "While the current environment presents significant challenges to our industry, we are confident in the future, and look forward to
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