ENGLEWOOD, Colo.--(BUSINESS WIRE)--Leaders and colleagues of business information provider IHS Inc. (NYSE: IHS) today celebrated the 10-year anniversary of their company’s initial public offering (IPO) by ringing the closing bell at the New York Stock Exchange.
Chairman and CEO Jerre Stead was joined on the bell-ringing podium by 10 IHS colleagues from around the globe. These colleagues were each nominated by their IHS peers for exemplary contribution to the success of the company over the past decade.
IHS provides analytics and strategic information to businesses and governments around the world, in a wide variety of capital-intensive industries and workflows, including: energy; automotive; product design; technology; maritime and trade; economics and country risk; chemical and aerospace; defense and security. If an investor had purchased 100 shares (or $1,700) of IHS stock on the first day of the 2005 public offering, that same number of shares would be worth about $12,000 today.
“It’s really astonishing to think of how much IHS has grown – in so many ways – over the past decade,” said Jerre Stead, who led the IPO. “From modest beginnings, we are now the leading global source of critical information, insight and analytics, embedded into the workflows of clients worldwide. We have broad exposure to large, interconnected industries that spend with each other. The valuable insight we bring to the table allows our customers to make high-impact decisions and to develop strategies with speed and confidence.”
In the 10-year period since its IPO in November 2005, IHS has produced a cumulative shareholder return of 22 percent CAGR (compounded annual growth rate) through Q3 2015, and has grown from 2,300 colleagues to 8,800 in 32 countries.
About IHS Inc. (www.ihs.com)
IHS Inc. (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2015 IHS Inc. All rights reserved.