As the bell at the New York Stock Exchange rang out – signaling the start of a new trading day, it also signaled the start of a new era at UPS. After more than 92 years as a privately held company, UPS went public. |
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It was quite a scene as Wall Street went “brown” for a day. Market Specialists donned UPS uniforms and, on the street in front of the Exchange, examples of UPS technology and equipment captivated the attention of thousands of visitors. By the time UPS employees rang the closing bell, the company had succeeded in launching the largest initial public offering in the history of the United States. During the course of the day, UPS sold 109.4 million shares of Class B Common Stock totaling $5.47 billion. |
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Listing day festivities |
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Special note regarding forward-looking statements. © 2000 United Parcel Service of America, Inc. |