Corporate Events
Ford Motor Company IPO
Also Known As 1956 Ford stock offering
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On January 17, 1956, Ford Motor Company transitioned from a privately held, family-controlled business into a publicly traded corporation, offering 10.2 million shares on the New York Stock Exchange at 64.50 dollars a share. It was, at the time, the largest common-stock sale in history. The Ford family retained substantial control after the offering through special Class B shares carrying forty percent of the voting rights.
Facts
Event TypeInitial public offering 1 Cross-Tradition Connections
Associated With
Ford's 1956 initial public offering, one of the largest of its era, is a standard finance-practice case study in capital structure and dual-class share design.
Contains
Sources
1. Wikipedia, History of Ford Motor Company
WikipediaHistory sectionQuote, History section
In 1956, Ford became a publicly traded corporation.
View the Source 1. Wikipedia, History of Ford Motor Company
WikipediaLead sectionQuote, Lead section
The Ford Motor Company is an American automaker, the world's fifth largest based on worldwide vehicle sales. Based in Dearborn, Michigan, a suburb of Detroit, it was founded by Henry Ford on June 16, 1903.
View the Source The Motley Fool, Ford's Big Debut and a Flood of Warning Signs
The Motley FoolArticle bodyQuote, Article body
10.2 million shares of Ford stock were made available on the open market at a price of $64.50 per share. It was, at the time, the largest common-stock sale in history.
View the Source Wikipedia, Ford Motor Company
WikipediaAssociated With: Ford Motor Company, Lead sectionQuote, Associated With: Ford Motor Company, Lead section
The company went public in 1956 but the Ford family, through special Class B shares, retain 40 percent of the voting rights.
View the Source Wikipedia, Ford Motor Company
WikipediaAssociated With: Finance, introductionQuote, Associated With: Finance, introduction
The company went public in 1956 but the Ford family, through special Class B shares, retain 40 percent of the voting rights.
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