Steinway Musical Instruments Holdings Inc., the 169-year-old piano builder founded in New York City by a German immigrant, has filed to go public through an initial public offering.
The company, based in the city’s Astoria neighborhood, plans to sell shares on the New York Stock Exchange, according to a Thursday filing with the U.S. Securities and Exchange Commission.
Investment firm Paulson & Co., founded by billionaire John Paulson, acquired the master piano maker in 2013. The company has attracted takeover interest over the years including a $1 billion offer from Chinese state-owned company China Poly Group Corp. in 2018.
Proceeds of the offering will go to selling
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