In 2012, CEO Sheldon Adelson and his family owned approximately 53% of the company. In December 2004, the company completed its initial public offering with the ticker LVS on the New York Stock Exchange at a price of $29 per share. Only 6.8 percent of Las Vegas Sands was put on the market. Adelson maintained 87.9 percent ownership of the company, while its management and directors owned the remaining 5.3 percent. In October 2007, the company's market capitalization peaked at $52 billion at $144.56 a share. However, because of general market declines and overall concern of the short-term financial health of the gambling industry, the market capitalization sank to approximately $1 billion at less than $2 a share by March 2009.