Atlanta Braves Worth $2.7 Billion After Wonky Debut in Split-Off

Fans of Major League Baseball can now own a stake in the Atlanta Braves after the franchise became the league’s only publicly-traded team.

The MLB’s best team was worth roughly $2.74 billion when Atlanta Braves Holdings Inc. began trading as a common stock on Wednesday, based on roughly 61.7 million shares spread across three share classes, according to a company filing. The team’s debut wasn’t greeted with much investor fanfare as Class A shares — under the ticker BATRA — popped as high as $54.94 before tumbling 15%.

WATCH: The Braves go public.

Source: Bloomberg

The formal split from Liberty Media Corp. is expected to ...