An IPO (initial public offering) is the fist sale of stock to the public. Since the spinoff will be an entirely new entity, yes there will be an IPO.
The CEO said the ratio has been agreed upon as well as a rough time frame, all yet to be announced.
Welcome to the Amfil Club! Many of us have the same share collecting problem as you lol. Soon you'll start to hate weekends and any other day the markets are closed! Congratulations on finding and pulling the trigger on your investment here, you picked a great time to get in and start accumulating! How great that you bought for AMFE and are just now finding out that you'll be getting free shares in another Roger Mortimer company!
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