Metropolitan Life Insurance Company: Facts, Discussion Forum, and Encyclopedia Article

metropolitan property insurance

Current era

Demutualization is the process by which a customer-owned mutual organization or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form.

Eighteen months later in April 2000, MetLife held an IPO

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises.

resulting in the issuance of 202,000,000 shares at the price of $14.25 per share. At the time of the IPO, MetLife, Inc. had nine million shareholders and was the most widely held stock in North A... http://la-insurance.ucoz.com/news/metropolitan_property_insurance/2013-06-13-3097