If a company decides spinning off and listing one of its core businesses, how does it affect the main stock?

Lavonia asks:
If a company decides spinning off and listing one of its core businesses, how does it affect the main stock and the IPO? What’s the benefit?
If a company decides spinning off and listing one of its core businesses, how does it affect the main stock and the IPO? What’s the benefit?
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Stock of the parent company will probably increase as they are more focused and easier to value.