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This question is about UPS.
Is UPS a private company?
No, UPS is not a private company. UPS was a private company up until November 10, 1999, when UPS became a public company in the largest initial public offering (IPO) of that century.
Here are the top stakeholders of UPS and their percentages held:
The Vanguard Group - 8.8%
BlackRock - 7.34%
State Street Global Advisors - 4%
Anyone can buy shares of UPS on the stock market and become a partial owner. However, institutional investors own over 70% of the company, with the remaining 30% dispersed among many other individual investors.
In summary, UPS is a publicly-traded company on the New York Stock Exchange (NYSE) under the ticker symbol "UPS." Its transition from a private enterprise to a public company in 1999 opened up opportunities for everyday investors to own a piece of this global logistics giant.
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