This Day in Founder History
After an earlier postponement when the market fell out, Walmart becomes a public company on October 1, 1970, traded over the counter. The prospectus offered 300,000 shares at $15; the stock sells for $16.50. The Walton family is able to pay off the bankers, and from that day on they do not borrow personally to support the company.
“Going public really turned the company loose to grow, and it took a huge load off me.”
Sam Walton, Made in America
A short clip of this moment
Hear the full story: Sam Walton, Part 4: Building WalMart & Going Public
How he talked: Sam Walton Voice Card
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