Aviation Sales Co. begins trading on NYSE.MIAMI--(BUSINESS WIRE)--June 27, 1996--An initial public offering of 3.25 million shares of Aviation Sales Co. common stock began trading Thursday on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "AVS (Audio Video Coding Standard) A video compression technique developed by Chinese companies and supported by the Chinese government. Expected to provide better compression than MPEG-2, AVS was created to avoid paying royalties to the MPEG licensors, which are outside ." The stock was issued at an initial price of $19 per share in an offering underwritten by Smith Barney Inc., Alex. Brown & Sons Incorporated and Sanders Morris Mundy. Aviation Sales Co. is a leading worldwide redistributor of aircraft spare parts and provides a wide range of value-added inventory management services to its customers. CONTACT: Aviation Sales Co., Miami Dale S. Baker, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 305/599-6619 Joseph E. Civiletto, CFO See Chief Financial Officer. , 305/599-6693 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion