The Beer That Made Portland Famous
Traders Magazine, June 2001
In a possible taste - literally - of the modern securities market, a brewery in Portland, Ore., has received the green light from the SEC to trade the company's stock on its own electronic bulletin board.
The SEC approval allows the Portland Brewing Company to provide an electronic meeting place for about 5,000 investors holding shares of common stock - about 3.3 million shares of Portland - from a direct public offering. In effect, that means the bulletin board will allow buyers and sellers to post bids and offers and contact each other to complete the trade. Two-sided quotes are prohibited although Portland said that may change in the future.
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