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UPS trades strong on first day

UPS stands to make significant profits from the soaring rates of e-commerce--after all, it is the company that delivers all those books, CDs, auction items, and everything else that thousands of people buy every day on the Internet. Having been privately owned for 92 years, the company began trading on the NYSE at $65, well above the $50 price it was assigned Tuesday night. This Reuters article from the New York Times details the history of the company, the events leading up to the launch, and UPS's plans for future development. Christy Stabin

Tue, 16 Nov 1999 13:35:03 -0800