But the market recovered some, and on October 1, 1970, Wal-Mart became a public company, traded over the counter. Our prospectus offered 300,000 shares at a price of $15, but it sold for $16.50. It was well received, though not widely held; we only had about 800 shareholders, most of them either institutions or folks we knew. Those who bought in that offering, or who owned some of those early partnerships and had them converted in that offering, made an absolute killing.
