WESCO International goes public

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.

TAGS: Archive
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.