The Southwest Airlines initial public offering (IPO) price was approximately $11 per share. This significant event marked the airline's entry into the public market.
Southwest Airlines, known for its unique business model and low-cost flights, began trading publicly on June 8, 1971. The initial offering involved 650,000 shares, priced around the $11 mark. This foundational step allowed the company to raise capital and expand its operations, setting the stage for its growth into one of the largest and most successful airlines in the United States.
Key Details of Southwest Airlines' IPO
To provide a clearer picture of Southwest's initial public offering, here are the essential details:
| Detail | Information |
|---|---|
| IPO Date | June 8, 1971 |
| IPO Price | Approximately $11 per share |
| Shares Offered | 650,000 shares |
| Significance | Marked the beginning of public trading for the airline, enabling capital acquisition for growth and expansion. |
This IPO was a pivotal moment in the company's history, allowing it to fund its early operations and compete effectively in the burgeoning commercial aviation market. For more information regarding the company's history and investor relations, you can visit the Southwest Airlines Investor Relations FAQs.
