DuPont de Nemours, Inc. DD → Qnity Electronics, Inc. Q
| Parent | DuPont de Nemours, Inc. DD |
|---|---|
| Spinco | Qnity Electronics, Inc. Q |
| Status | Completed |
| Structure | Spin-off A filing states a pro-rata distribution: holders receive shares automatically. |
| Focus | Focus-increasing Parent and spinco operate in different industries — the class the research associates with stronger post-separation returns. |
| Ratio | 1 Qnity share for every 2 DuPont shares |
| Checked against EDGAR | 2026-08-21 |
Data trap
DuPont's EDGAR company facts continued to include the electronics business until the first post-separation filing. Any screener figure for DD covering a period before 2025-11-01 is a combined-company number and is not comparable to standalone DuPont.
The restated filings have landed; this is kept as history.
Catalyst clock
- 2024-05-22Separation announced
- 2025-04-24Form 10 filed
- 2025-09-29Form 10 last amended
- —Form 10 effective
- 2025-10-22Record date
- 2025-10-27When-issued trading opens
- 2025-11-01Distribution
- 2025-11-06First standalone earnings
- —Index inclusion announced
Performance since separation
| Qnity Electronics, Inc. since separation | +32.87% |
|---|---|
| DuPont de Nemours, Inc. over the same window | +32.92% |
| S&P 500 (SPY) over the same window | +12.06% |
| Russell 2000 (IWM) over the same window | +22.21% |
| Excess over the S&P 500 | +20.81% |
| Excess over the Russell 2000 | +10.66% |
Measured from the first regular-way close on or after the distribution — 2025-11-03 at 97.00 — to 2026-08-21 at 128.88. Window: 10 months. Two benchmarks, because one is misleading: spin-offs are usually small companies, and across this period small caps lagged the S&P by several points a year on their own. Measured against the S&P alone, roughly a third of any shortfall is company size rather than the separation. Returns are arithmetic over end-of-day closing prices. Unlike every other figure on this page, they do not come from a filing.
Pre-distribution investor return
| Parent, announcement to separation | +3.89% |
|---|---|
| Combined (DuPont de Nemours, Inc. + Qnity Electronics, Inc.), pre-distribution to now | +97.92% |
| Combined excess over the S&P 500 | +85.65% |
| Combined excess over the Russell 2000 | +76.10% |
Combined treats a pre-spin holding as 1 Qnity share for every 2 DuPont shares valued at the parent's last close before regular post-spin trading resumed — 2025-10-31 at 102.45 — against that same basket today. That baseline is a practical proxy, not an attempt to isolate exactly how much value the separation transferred: for a large parent and a small spinco, ordinary day-to-day price noise can be bigger than the transfer itself. Run-up measures only the parent's own price, from the announcement date to that same baseline — how far the market had already moved before the separation's mechanics ever happened.
Filings
Every fact on this page comes from one of these.
- 10-12Bfiled 2025-04-24 · 0001193125-25-093594Initial Form 10 registration statement
- 10-12B/Afiled 2025-09-29 · 0001193125-25-223466Final amendment; Ex-99.1 information statement carries the ratio, the October 22 record date and the November 1 distribution date
- 8-Kfiled 2025-11-03 · 0001193125-25-261603Item 5.01 change in control — separation completed
Notes
DuPont's three-way separation. Qnity took the NYSE ticker 'Q'. Focus-increasing on a 2-digit SIC basis: 28 (chemicals) to 36 (electronics).