New York Stock Exchange Started with 24 NY brokers in 1792 Registered as NYSE in 1934 Largest stock exchange in the world with over 3,000 listed companies with a market cap of 13 trillion dollars. Has 28 of the 30 companies in the Dow listed on its exchange.
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We know how having stock can increase wealth for owners but why do corporations issue it?
For instance when AOL merged with Time Warner they “bought” Time Warner’s shares with AOL stock thereby not reducing AOL’s cash.