CN marks 25 years as publicly traded company
from Progressive Railroadikng
CN marked the 25th anniversary of the date the Canadian government put the railroad's shares up for sale to investors. At CA$2.25 billion, the sale was the largest initial public offering in Canadian history. And at the time, CN was the largest and oldest crown corporation in Canada. "The privatization of CN was anticipated with widespread skepticism, but executed with startling success and today it is the source of enormous price for our employees and all those involved over the years," said CN President and Chief Executive Officer JJ Ruest in a press release.
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