Finance History | 11 Wall Street — Sixteen Dollars After One Hundred Eighty-Three Private Years
· 2001-8
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Finance History | 11 Wall Street — Sixteen Dollars After One Hundred Eighty-Three Private Years
kevin
People treat Bunge as a Swiss-registered grain house that always printed BG.
The 2001 issuer had been privately held for 183 years.
Bunge Limited, then based at 50 Main Street in White Plains, sold 17,600,000 common shares at 16 dollars each.
QuantumOnline and the company's later F-3 both give 2 August 2001 as the initial public offering date.
The F-1 filed 13 July 2001 had sought a 16-to-18-dollar range and a New York listing under the ticker BG.
A 2001 annual report said that after more than 180 years of private ownership the firm opened the century as a public company.
The mechanism is a family-and-partner commodity trader selling a minority float to fund expansion against deeper-pocketed rivals.
The parent did not relist an existing American name. It created a listed vehicle and put a new ticker on this floor.
The pin is the Broad Street facade of the Exchange, where BG first printed. Interior trading is not visitable from the sidewalk.
Photo: Arild Vagen, August 2017, CC BY-SA 4.0, via Wikimedia Commons. New York Stock Exchange from Broad Street.
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