UNITED PARCEL SERVICE INC
SymbolUPS

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UPS Marks 10th Birthday as a Public Company

2009-11-06 09:30 ET - News Release


Company Website: http://www.pressroom.ups.com
NEW YORK -- (Business Wire)

Ten years after its Initial Public Offering, UPS (NYSE:UPS) marked the anniversary today as its chief executive officer returned to the Big Apple to ring the opening bell for the New York Stock Exchange.

Chairman and CEO Scott Davis was joined by members of the UPS Board of Directors and senior executives in launching the trading day on Friday. Davis is the 10th chairman and CEO in UPS’s 102-year history but only the third to spend time guiding the affairs of a “public” UPS.

UPS, founded as a Seattle messenger service in 1907 by a 19-year-old named Jim Casey, was owned privately by employees, retirees and various foundations until Nov. 10, 1999. On that day, UPS issued 109.4 million Class B shares representing 10 percent of the company’s outstanding shares at an IPO price of $50 per share.

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