How CN’s 1995 IPO transformed Canada’s railway into a powerhouse
Thirty years ago, Canadian National Railway (CN) made history with the largest initial public offering (IPO) Canada had ever seen. On 17 November 1995, the company’s shares debuted on the Toronto and New York Stock Exchanges, raising C$2.25 billion. The move marked the start of CN's transformation from a government-owned corporation into a privately run industry leader.
Founded in 1919, CN was once Canada's oldest and largest Crown Corporation. Its privatisation in 1995 set the stage for decades of growth. Over the past 30 years, the company has built a vast three-coast network, linking Canada's Eastern and Western shores with the U.S. Midwest and Gulf Coast.
CN's privatisation in 1995 reshaped its future, turning it into a major force in North American transport. The company now operates a network that connects coasts, supports industries, and strengthens trade. As it looks ahead, CN remains a cornerstone of economic growth and supply chain reliability.
