By William C. Vantuono, Editor-in-Chief, Railway Age Magazine; November 17, 2020
Twenty-five years ago, Nov. 17, 1995, the Government of Canada put CN (TSX: CNR) (NYSE: CNI) shares up for sale to investors. At C$2.25 billion, it was the biggest IPO in Canadian history. “At the time, CN was the largest and oldest Crown Corporation in Canada,” CN said in a statement marking the anniversary, which it also celebrated with six road locomotives painted in heritage schemes. “Today, CN is a world-class transportation leader and trade-enabler.”
To mark this anniversary, CN President and Chief Executive Officer JJ Ruest, Railway Age’s 2019 Railroader of the Year, rang the Opening Bell at the Toronto Stock Exchange and will ring the Closing Bell at the New York Stock Exchange.