Abacus Fund Incorporated - 1950's-60's dated Stock Certificate - Was Owned by Paine Webber

General Stock. Two male figures looking at an abacus. Scarce!!! Available in Blue or Orange. Please specify color.

In October 1960, Paine Webber facilitated the initial public offering (IPO) for Green Shoe Manufacturing Co., during which it introduced the concept of stabilization through an overallotment option, commonly referred to as the greenshoe. In 1963, the company relocated its headquarters from Boston to New York. On June 30, 1969, the holding company was established as PaineWebber Inc., with Paine Webber Jackson & Curtis serving as its primary subsidiary. In 1974, the firm executed an IPO for its holding company, PaineWebber Inc., and subsequently listed it on the New York Stock Exchange. Throughout the 1970s, PaineWebber engaged in several acquisitions amid a wave of industry consolidation. Notably, in 1973, the firm acquired F.S. Smithers & Co., marking its entry into the fixed income sector. Additionally, PaineWebber purchased Abbott, Proctor & Paine in 1970, the Abacus Fund, a closed-end investment company, in 1972, and Mitchum, Jones & Templeton Inc. in 1973.