The IPO was a spin-off from its former parent company, Torchmark Corporation . 📉 Transition to Private Ownership (2021)

Just under $500 million , making it one of the largest non-bank IPOs of that year.

After over two decades as a public company, Waddell & Reed ceased trading in 2021:

Waddell & Reed Financial, Inc. (WDR) launched its initial public offering (IPO) in . The company remained a public entity for 23 years before being acquired and delisted in 2021. 🚀 IPO Quick Facts (1998) IPO Date: March 1998. Primary Exchange: New York Stock Exchange (NYSE). Ticker Symbol: WDR.