Hedge fund manager John Paulson floats a portion of his Steinway shares on the New York Stock Exchange. Commercially, things are going well – thanks to self-playing grand pianos and booming business in China.
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The grand and upright pianos are handcrafted by Steinway in Astoria, New York.
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IPOs offer unique insights into otherwise closed companies. This is also the case with Steinway & Sons, probably the most famous manufacturer of grand and upright pianos.
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