FORTUNE IN MINUTE
Penguin Shares Sold (N.ZJ’.A-lt tutor—Copyright) LONDON. May 1 Sir Allen Lane, founder of Penguin Book*, became a millionaire within 80 seconds today when Penguin shares were quoted on the London, Stock Exchange for the first time. The value of his personal controlling interest in the company soared by £382.500 to £1,147.500 with the first hectic bidding. The shares rose in price from 12s to 18s immediately business began on the exchange.
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https://paperspast.natlib.govt.nz/newspapers/CHP19610503.2.208
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Press, Volume C, Issue 29503, 3 May 1961, Page 20
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74FORTUNE IN MINUTE Press, Volume C, Issue 29503, 3 May 1961, Page 20
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This newspaper was digitised in partnership with Christchurch City Libraries.
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