Finance History|Nasdaq MarketSite — Fourteen Dollars for a Boise DRAM Book Called DRAM
· 1984-6
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Finance History|Nasdaq MarketSite — Fourteen Dollars for a Boise DRAM Book Called DRAM
kevin
People treat Micron as a Boise memory house that always printed MU after a finished New York book.
The June 1984 issuer was Micron Technology, Inc., reincorporated that year under Delaware law after an Idaho incorporation in 1978.
The company's own milestone page records a sale of 2.1 million common shares at an initial price of 14.00 U.S. dollars a share in 1984 dollars, listed on Nasdaq under DRAM.
A Wall Street Journal notice dated 4 June 1984 reported that the offering was under way.
The common later moved. On 30 November 1990 the company listed the same book on the New York Stock Exchange under MU.
The mechanism is a cash initial public offering that put a Boise DRAM fabricator onto the Nasdaq tape under four letters, then moved the same book to the Big Board under two.
The pin is the public Times Square facade of Nasdaq MarketSite, the present street marker for the tape that first printed DRAM.
Interior trading is not visitable from the sidewalk.
Photo: Luca Marfe, June 2015, CC BY 2.0, via Wikimedia Commons. Nasdaq MarketSite.
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