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C'mon Wall St. Give UPS some love
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<blockquote data-quote="JonFrum" data-source="post: 630224" data-attributes="member: 18044"><p>"UPS, founded as a Seattle messenger service in 1907 by a 19-year-old named Jim Casey, was owned privately by employees, retirees and various foundations until <strong>Nov. 10, 1999. On that day, UPS issued 109.4 million Class B shares representing 10 percent of the company's outstanding shares at an IPO price of $50 per share.</strong></p><p></p><p>At the time, the $5.47 billion raised on that day was the largest domestic IPO ever. Over the ensuing 10 years, public ownership of UPS has grown from 10 percent of the company's stock to 70 percent."</p><p>- - - - -</p><p><strong>Shares Outstanding: 994,457,???</strong></p><p><strong>Float: 985,200,???</strong></p></blockquote><p></p>
[QUOTE="JonFrum, post: 630224, member: 18044"] "UPS, founded as a Seattle messenger service in 1907 by a 19-year-old named Jim Casey, was owned privately by employees, retirees and various foundations until [B]Nov. 10, 1999. On that day, UPS issued 109.4 million Class B shares representing 10 percent of the company's outstanding shares at an IPO price of $50 per share.[/B] At the time, the $5.47 billion raised on that day was the largest domestic IPO ever. Over the ensuing 10 years, public ownership of UPS has grown from 10 percent of the company's stock to 70 percent." - - - - - [B]Shares Outstanding: 994,457,??? Float: 985,200,???[/B] [/QUOTE]
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