Of Thee I $ing
Barron's Online (10/08/00) Vol. 104, No. 40 p.10; Wright, Robert E.

A retrospective column about U.S. banks' IPOs in the late eighteenth century mentions that the Manhattan Co.--a precursor of Chase--was oversubscribed on its first day because its offering price was low. Chase, Citigroup, Bank of New York, and other top present-day U.S. banks can trace themselves back to the IPO market in the early days of the republic, the article says.

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