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Wed, 10.30.1991

Black Entertainment Television comes to Wall Street

On this date in 1991, BET Holdings, Inc. was listed on the New York Stock Exchange.

BET Holdings, the parent company of Black Entertainment Television, sold 4.2 million shares of stock in an initial public offering that day on the NYSE.

Owned by Robert L. Johnson, this business transaction made BET the first Black company listed on Wall Street's "Big Board."

Reference:
The Associated Press
permissions
450 W. 33rd St.,
New York, NY 10001.

Reference:

BET.com

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