1971 INVESTMENT LLC

Merrill Lynch went public with a historic stock offering selling four million shares at $28 each, raising $112 million. The price was lower than the initially considered $35 due to recent stock market weaknesses. This event marks a significant shift towards public ownership in the traditionally private brokerage industry. The offering was primarily aimed at Merrill Lynch's customers, with a portion going to other investors. The company is seeking to list its stock on the New York Stock Exchange, with expectations that other firms will follow suit.

Merrill Lynch went public with a historic stock offering selling four million shares at $28 each, raising $112 million. The price was lower than the initially considered $35 due to recent stock market weaknesses. This event marks a significant shift towards public ownership in the traditionally private brokerage industry. The offering was primarily aimed at Merrill Lynch's customers, with a portion going to other investors. The company is seeking to list its stock on the New York Stock Exchange, with expectations that other firms will follow suit.