Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Coast Savings' initial offering was sold out.

December 18, 1985

The Los Angeles-based savings and loan sold about 9 million common shares at $14 each. After the first day of trading, the price closed at $15. Coast Savings said it also sold another 4 million shares to its depositors. The last large depositor-owned S&L in California to go public, Coast said it netted nearly $170 million from the initial offering. The money will be used for general corporate purposes.

Advertisement
Los Angeles Times Articles
|
|
|