What does PIOG mean in NASDAQ SYMBOLS
PIOG stands for Pioneer Group, Inc. which is a de-listed company and was formerly known as the “Pioneer Group Incorporated”. The company specialized in providing financial services and products along with investment banking, brokerage services and asset management solutions to retail as well as institutional clients. It also operated an online trading platform under the brand name of ‘e-trade’. The company was initially founded in 1936 and remained active till 2003 when it announced its merger with Liberty Financial Companies, Inc.
PIOG meaning in NASDAQ Symbols in Business
PIOG mostly used in an acronym NASDAQ Symbols in Category Business that means Pioneer Group, Incorporated (de-listed)
Shorthand: PIOG,
Full Form: Pioneer Group, Incorporated (de-listed)
For more information of "Pioneer Group, Incorporated (de-listed)", see the section below.
History
Originally known as ‘Lincoln First Corporation’, the Pioneer Group established itself as one of the largest independent securities firms in the early 1980s. In 1988, it registered itself in the New York Stock Exchange (NYSE) under the symbol ‘LFC’ and started operating primarily as an institutional broker-dealer. Over the course of time, it expanded its operations by opening satellite offices in various states across USA along with purchase of a trust company for gaining entry into fixed income markets.
Recent Status
The Pioneer Group ceased to exist after its merger with Liberty Financial Companies in 2003 and is now known as LL Global Inc., a subsidiary of Boston based asset management firm MFS Investment Management® who currently operates all the former business activities of The Pioneer Group in various countries around the world.
Essential Questions and Answers on Pioneer Group, Incorporated (de-listed) in "BUSINESS»NASDAQ"
What was Pioneer Group, Incorporated?
Pioneer Group, Incorporated (PGI) was a publicly traded real estate investment trust that focused on acquiring and managing apartment communities and other real estate assets. PGI was founded in 1989 and de-listed from the New York Stock Exchange in 2006.
What assets did Pioneer Group, Incorporated own?
Prior to its de-listing, Pioneer Group owned nearly 6,000 residential units across 13 states. PGI’s portfolio included multi-family apartments, office buildings, retail centers and land development projects.
When did Pioneer Group become de-listed?
Pioneer Group became de-listed from the New York Stock Exchange on July 21st, 2006 following a merger with Inland Real Estate Corporation.
Who bought out Pioneer Group?
Inland Real Estate Corporation purchased 100% of the outstanding common shares of PGI in July 2006 for $3 per share in cash.
What happened to Pioneer Group after it became de-listed?
Following the merger with Inland Real Estate Corporation, all of PGI’s assets were transferred to or acquired by another company or entities that are not associated with Pioneer Group now.
Who were some of the partners at Pioneer Group?
Prior to becoming de-listed from the NYSE, PGI had several founding managers including Richard Friedberg (Chairman), Mitchell Friedberg (President/CEO), Stephen J Small (Vice President & CFO) and Amy H Smith (Senior Vice President).
How do I find financial information for when PGI was listed on NYSE?
You can find historical financial data for when PGI was listed on NYSE by visiting websites such as Bloomberg or Reuters as well as the SEC Edgar Database.
Final Words:
PIOG - Pioneer Group, Inc., was a major player in financial services industry before its de-listing from NYSE exchange after its merger with Liberty Financial Companies Inc., back in 2003. Despite no longer existing independently, many of its core businesses are still operational today across different countries through several subsidiaries owned by MFS Investment Management® who acquired their initial assets following their union back in 2003.