carve out


Definition 1
To sell a minor equity stake in a division or portion of a company through an IPO. The minority stake is generally 20%.

Definition 2
To separate the value of a property from the value of income that the property generates. For example, if the owner of an oil field sells the rights to the oil for a period of time, the owner is separating the value of the land itself from the value of the oil.

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... part of the IPOs and Real Estate subjects.

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