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Article: Nonprofit IPO Launched by Warren Buffett Hits One Year.
- Article from:
- Entertainment Close-up
- Article date:
- May 20, 2008
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Copyright informationCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ENTERTAINMENT CLOSE-UP-20 May 2008-Nonprofit IPO Launched by Warren Buffett Hits One Year(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com
The first-ever nonprofit IPO, launched a year ago with help from investor Warren Buffett, celebrates its first anniversary with more than $700,000 raised from the sale of "fundraising shares," priced at $32 each.
Billed as an "Immediate Public Opportunity ... to end homelessness," the IPO was created to close financing for The Next Key Center, an affordable housing and job-training center under construction in Novato, Calif.
The nonprofit organization that is building the center, Homeward Bound of Marin, has leveraged ...
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