Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


UPS plans initial public offering

Published on .

Atlanta--United Parcel Service of America announced Wednesday that it plans to complete by the end of the year an initial public offering of 10% of the company. The move was taken in part to provide UPS with greater financial freedom to respond to the changing global marketplace and to put the company in position to make acquisitions, James Kelly, UPS chairman-CEO, said. The controlling ownership will remain in the hands of the family of James Casey, the founder of the company, and UPS employees, who currently own about two-thirds of the company. The move must be approved by current shareholders.
Most Popular
In this article: