North America (Change)

Exactly 25 years ago today, the Government of Canada put CN shares up for sale to investors; at C$2.25 billion, it was the biggest IPO in Canadian history. At the time, CN was the largest and oldest Crown Corporation in Canada.  On November 17, 2020, CN is a world-class transportation leader and trade-enabler.  To mark this important anniversary, JJ Ruest, CN’s President and Chief Executive Officer, will ring the Opening Bell at the Toronto Stock Exchange and the Closing Bell at the New York Stock Exchange.  – JJ Ruest, President and Chief Executive Officer of CN said “The privatization of CN was anticipated with widespread skepticism, but executed with startling success and today it is the source of enormous pride for our employees and all those involved over the years.  It allowed CN to unleash the powerful creative and competitive forces of our railroaders.  I want to thank everyone who contributed to this success as well as our employees for their dedication to safely moving the economy for our customers and for the communities where we operate.  Twenty-five years after the IPO and with safety as our core value, our future is all about performance and customer service, generating long-term value for our shareholders. It’s been an amazing 25 years and the journey continues.”

CN Proud to Celebrate 25th Anniversary of its Privatization, November 17, 2020, www.cn.ca