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WESCO International goes public

Douglas Chandler

Jun 1, 1999 12:00 PM

WESCO International, Inc., Pittsburgh, Pa., parent company of WESCO Distribution, made its initial public offering of stock last month, opening at $18. The stock, traded on the New York Stock Exchange under the symbol "WCC," closed the first day up two dollars at $20. WESCO issued over 9,700,000 shares, the proceeds of which will be used to pay down debt.


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