Editing Wang Laboratories (section)

==Public stock listing==
Wang went public on August 26, 1967, with the issuance of 240,000 shares at $12.50 per share on the [[American Stock Exchange]]. The stock closed the day above $40, valuing the company's equity at approximately $77 million, of which An Wang and his family owned about 63%.<ref>New York Times, 8/27/1967, p. 51.</ref>{{sfn|Kenney|1992|p=48}}

An Wang took steps to ensure that the Wang family would retain control of the company even after going public. He created a second class of stock, class B, with higher dividends but only one-tenth the voting power of class C. The public mostly bought class B shares; the Wang family retained most of the class C shares.<ref name=AmStockX.Wang>{{cite news
   |publisher=UPI ([[United Press International]])
   |url=https://www.upi.com/Archives/1993/03/17/American-Stock-Exchange-delists-Wang-stocks/2976732344400
   |title=American Stock Exchange delists Wang stocks
   |date=March 17, 1993}}</ref> The letters B and C were used to ensure that brokerages would fill any Wang stock orders with class B shares unless class C was specifically requested. Wang stock had been listed on the [[New York Stock Exchange]], but this maneuver was not quite acceptable under NYSE's rules, and Wang was forced to delist with NYSE and relist on the more liberal [[American Stock Exchange]].{{sfn|Kenney|1992|p=74}} After Wang's 1992 bankruptcy, holders of class B and C common stock were treated the same.<ref name=AmStockX.Wang/>