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Coca-Cola becomes a publicly traded company...
Item # 631234
August 23, 1919
THE ATLANTA CONSTITUTION, Georgia, August 23, 1919
* Coca Cola Company goes public
A very significant newspaper, as page 2 contains a report announcing that: "Coca Cola Stock On The Market Soon" with the text providing some details as to the historic sale of the company by the famed Asa Candler to an investment company destined to offer shares on the market (see).
The issue of the day previous had the very historic announcement of the sale of Coca Cola by Chandler. Asa Chandler, the man who bought the original formula from founder John Pemberton and propelled the company to national prominence by the 1890's, sold the company to Ernest Woodruff and an investor group for $25 million. The business was reincorporated as a Delaware corporation, and 500,000 shares of its common stock were sold publicly for $40 per share. It is this latter event which is reported in this newspaper.
Coca-Cola continues to maintain its international headquarters in this city to this day. It is very significant to have this report in an Atlanta newspaper, and very likely that only an Atlanta newspaper would give this report such prominence. Although likely not a unique issue, it is an extremely rare item and the first we have seen offered in our 34 years in the rare newspaper hobby.
This is the complete newspaper, a bit irregular at the spine margin, otherwise in nice condition.
Category: The 20th Century