Who owned UPS prior to IPO in 1999?
Chauncey asks:
I know it was partnership before IPO Nov. 10 1999 IPO. But who owned majority of shares? Employees? Other companies? United Parcel Service was founded in 1907. So, who where biggest owners prior to IPO in 1999?
I know it was partnership before IPO Nov. 10 1999 IPO. But who owned majority of shares? Employees? Other companies? United Parcel Service was founded in 1907. So, who where biggest owners prior to IPO in 1999?
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All UPS employees were to different degrees owners of the company prior to IPO. The day of the IPO UPS created something like 30,000 millionaires.