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WESCO International goes public

June 1, 2003
WESCO International, Inc., Pittsburgh, Pa., parent company of WESCO Distribution, made its initial public offering of stock last month, opening at $18.

WESCO International, Inc., Pittsburgh, Pa., parent company of WESCO Distribution, made its initial public offering of stock last month, opening at $18. The stock, traded on the New York Stock Exchange under the symbol "WCC," closed the first day up two dollars at $20. WESCO issued over 9,700,000 shares, the proceeds of which will be used to pay down debt.

About the Author

Doug Chandler | Senior Staff Writer

Doug has been reporting and writing on the electrical industry for Electrical Wholesaling and Electrical Marketing since 1992 and still finds the industry’s evolution and the characters who inhabit its companies endlessly fascinating. That was true even before e-commerce, LED lighting and distributed generation began to disrupt so many of the electrical industry’s traditional practices.

Doug earned a BA in English Literature from the University of Kansas after spending a few years in KU’s William Allen White School of Journalism, then deciding he absolutely did not want to be a journalist. In the company of his wife, two kids, two dogs and two cats, he spends a lot of time in the garden and the kitchen – growing food, cooking, brewing beer – and helping to run the family coffee shop.

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