When did Procter & Gamble first go public?

Question

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Answer 1

In 1890, Procter & Gamble decided to stop being a private company and become a public company. A private company is one that is owned by a select group of people, in this case family members. To do so, Procter & Gamble became incorporated: it filed papers to be a public company, added "Inc." to its name, chose a board of directors, and installed officers such as president, vice president, and treasurer to run the business and answer to the board of directors. William Alexander Procter was named the company's first president. Procter & Gamble also decided to sell stock, or shares, in the company to raise money for expansion. Employees were offered the opportunity to purchase stock in the company, another bonus for Procter & Gamble workers, since few other companies gave their employees such benefits.

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