In1995, the company went public and its initial public offering was very successful. The stock price had risen from its initial value of $10 to its current level of $25 per share. There were currently 5 million shares outstanding. In 1997, the company issued 30-year bonds at par, with a face value of $1000 and a coupon issued rate of 10% per year, and managed to raise $40 million for expansion. Currently, the AA-rated bonds had 25 years left until maturity and were being quoted at 97.5% of par.