Finance History|11 Wall Street — FIC Opened Before the Score Had a Public Name
· 1987-7
Personal memoryBy kevin · · Report an issue
Find memories left by people near you.
Distribute Bounty
This will distribute the bounty equally among all qualifying memories. This action cannot be undone.
Cancel Bounty
Are you sure you want to cancel this bounty? The remaining amount will be refunded to your account.
Success!
Operation completed successfully.
Error
Something went wrong.
Finance History|11 Wall Street — FIC Opened Before the Score Had a Public Name
kevin
People treat Fair Isaac as a Montana analytics shop that always printed FICO after a finished credit-score book.
The July 1987 issuer was Fair, Isaac and Company, Incorporated, founded in 1956 and reincorporated in Delaware that year. The San Rafael office still ran the business.
On 22 July 1987 the common opened on the New York Stock Exchange under the letters FIC. The later FICO ticker is a rename, not a new issuer.
By 1987 annual sales had reached about 18 million dollars, with a profit of more than 2 million dollars, in 1987 currency. The mid-1980s headcount was about 250 people.
The first general-purpose FICO Score was not yet on the tape. That product arrived in 1989. The 1987 listing financed research, training, and data purchases while the score was still a private tool sold to lenders.
The mechanism is a cash listing of a scoring shop before its consumer brand existed. Public equity arrived two years ahead of the three-digit number that later carried the name.
The pin is the Broad Street facade of the Exchange on the morning the New York tape opened. 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.
changes?
delete this memory?
We detected that you have a Blox in your crypto wallet! We will import the Blox into your account.
Click on done below to complete the import.
Welcome Back!
Sign in to preserve cherished moments
Don't have an account?
Welcome!!
Sign up and start preserving cherished moments
?
?
Choose your payment method
Buy with Metablox Credit
Do you want to mint Blox with Metablox Credit?
Which Crypto would you like to use?
Purchase Confirmed!
Your Blox is being minted on-chain and will appear in your profile shortly.
Log in or sign up to claim your Blox.
How many credits do you want to buy?
$100 USD = 1 Metablox Credit = 1 Blox.
Use Metablox Credit to mint any Blox you want on the map.
expand_more