"What makes a public company—or any business—Black-owned? The National Minority Supplier Development Council (NMSDC) defines a minority business enterprise (MBE) as a "business [that] is at least 51% owned by or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals." Simply put, the management and daily operations should be controlled by the minority owner(s)/shareholder(s). The NMSDC further clarifies that a Black-owned business is one whose owner is a "U.S. citizen of African descent," which would include both African Americans and African immigrants.", in the link below I looked at the top "black", IPOs and here's what I found:
☆Ping Identity Holding
Founded by Andre Durand in 2002, Ping Identity Holding (PING) specializes in a wide variety of digital and online identity protection services through its trademarked Ping Intelligent Identity platform, including multi-factor authentication, intelligent access controls, and identity data management.
☆Carver Bancorp
Carver Bancorp (CARV) is the holding company for Carver Federal Savings Bank, a federally chartered savings bank. Founded by a group of community leaders and small business owners in 1948, Carver offers consumer and business banking products and services to traditionally underserved African-American communities. The first branch was opened in Harlem in 1949.
☆Broadway Financial Corp.
Much like Carver Bancorp, Broadway Financial Corp. (BYFC) is the holding company for Broadway Federal Bank, another federally chartered savings bank and CDFI.
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The next-largest company in the healthcare sector on this list, Axsome Therapeutics (AXSM), is also a biopharmaceutical firm. Founded in 2012 by Dr. Herriot Tabuteau, Axsome focuses on the development of novel therapies for managing central nervous system (CNS) disorders, for which treatment options are limited.
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American Shared Hospital Services (AMS) operates within the technological side of the healthcare industry by providing equipment to hospitals and medical centers.
what do you all think?
☆RLJ Lodging Trust
- Total Assets (Sept. 2020): $4.52 billion
- Total Revenue (Sept. 2020): $382 million
- Earnings per Share (Sept. 2020): $(2.04)
- Year Founded: 2000
- Headquarters: Bethesda, Md.
☆Urban One
- Total Assets (Sept. 2020): $1.21 billion
- Total Revenue (Sept. 2020): $262.79 million
- Earnings per Share (Sept. 2020): $(0.77)
- Year Founded: 1979
- Headquarters: Silver Spring, Md.
☆Ping Identity Holding
- Total Assets (Sept. 2020): $965.57 million
- Total Revenue (Sept. 2020): $180.33 million
- Earnings per Share (Sept. 2020): $(0.10)
- Year Founded: 2002
- Headquarters: Denver, Colo.
Founded by Andre Durand in 2002, Ping Identity Holding (PING) specializes in a wide variety of digital and online identity protection services through its trademarked Ping Intelligent Identity platform, including multi-factor authentication, intelligent access controls, and identity data management.
☆Carver Bancorp
- Total Assets (Sept. 2020): $672.65 million
- Total Revenue (Sept. 2020): $9.86 million
- Earnings per Share (Sept. 2020): $(0.43)
- Year Founded: 1948
- Headquarters: New York, N.Y.
Carver Bancorp (CARV) is the holding company for Carver Federal Savings Bank, a federally chartered savings bank. Founded by a group of community leaders and small business owners in 1948, Carver offers consumer and business banking products and services to traditionally underserved African-American communities. The first branch was opened in Harlem in 1949.
☆Broadway Financial Corp.
- Total Assets (Sept. 2020): $499.217 million
- Total Revenue (Sept. 2020): $13.71 million
- Earnings per Share (Sept. 2020): N/A
- Year Founded: 1946
- Headquarters: Los Angeles, Calif.
Much like Carver Bancorp, Broadway Financial Corp. (BYFC) is the holding company for Broadway Federal Bank, another federally chartered savings bank and CDFI.
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Axsome Therapeutics
- Total Assets (Sept. 2020): $203.63 million
- Total Revenue (Sept. 2020): N/A
- Earnings per Share (Sept. 2020): $(1.98)
- Year Founded: 2012
- Headquarters: New York, N.Y.
The next-largest company in the healthcare sector on this list, Axsome Therapeutics (AXSM), is also a biopharmaceutical firm. Founded in 2012 by Dr. Herriot Tabuteau, Axsome focuses on the development of novel therapies for managing central nervous system (CNS) disorders, for which treatment options are limited.
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American Shared Hospital Services
- Total Assets (Sept. 2020): $52.34 million
- Total Revenue (Sept. 2020): $13.23 million
- Earnings per Share (Sept. 2020): $(0.14)
- Year Founded: 1980
- Headquarters: San Francisco, Calif.
American Shared Hospital Services (AMS) operates within the technological side of the healthcare industry by providing equipment to hospitals and medical centers.
what do you all think?
Black-Owned Public Companies
A look at the select group of Black-owned companies that have gone public—who they are, what they do, and the special challenges such businesses face.