Finance History|11 Wall Street — Sixteen Dollars and No Cash to the Company
· 1996-6
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 — Sixteen Dollars and No Cash to the Company
kevin
People treat FactSet as a Norwalk data vendor that always printed FDS after a finished workstation book.
The June 1996 issuer was FactSet Research Systems Inc., a Delaware company founded in 1978 and then housed at One Greenwich Plaza.
The amended S-1 dated 26 June 1996 offered 3,125,000 common shares. Every share was sold by existing holders. The company received none of the proceeds.
FactSet began trading on the New York Stock Exchange on 28 June 1996 under the letters FDS. Underwriters Donaldson, Lufkin and Jenrette and Alex. Brown opened the book at 16.00 dollars a share, inside the 15 to 17 dollar range printed in the prospectus.
A four-for-one split had already been effected on 4 June 1996. About 9.5 million other shares remained outstanding beside the float.
The mechanism is a secondary listing. Public paper was created so private holders could sell. The operating company did not raise working capital on that tape.
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