CN Proudly Celebrates the 30th Anniversary of its Privatization

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CN (TSX: CNR / NYSE: CNI) marked the 30th anniversary of its privatization on November 17, 1995, when its IPO raised C$2.25 billion, then the largest IPO in Canadian history. Founded in 1919, CN said the privatization catalyzed its transformation into a North American transportation leader powering supply chains coast to coast.

To commemorate the milestone, Chair Shauneen Bruder and CEO Tracy Robinson, with senior executives, rang the Opening Bell at the Toronto Stock Exchange and the Closing Bell at the New York Stock Exchange.

MONTREAL, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Thirty years ago today, on November 17^th, 1995, CN (TSX: CNR) (NYSE: CNI) shares were offered in an Initial Public Offering (IPO) on the Toronto and New York Stock Exchanges, raising C$2.25 billion. At the time, it was the largest IPO in Canadian history.

Founded in 1919, CN was the largest and oldest Crown Corporation in Canada. The privatization helped propel CN’s transformation into the transportation leader and trade-enabler it is today, powering the economy and North American supply chains from coast to coast to coast.

To mark this important anniversary, Shauneen Bruder, Chair of the Board of Directors and Tracy Robinson, CN’s President and Chief Executive Officer, alongside senior executives, rang the Opening Bell at the Toronto Stock Exchange and the Closing Bell at the New York Stock Exchange.

“This day thirty years ago, marked a milestone in CN’s transformation into the industry leader we are today. Everyone who contributed to this success can look back with immense pride knowing that that same spirit is what continues to drive us today. The strength of CN lies in our ability to power the economy.”

• Tracy Robinson, President and Chief Executive Officer of CN
  

“I remember the sense of excitement and determination that filled the company when we went public. We knew it was a defining moment that would test us in new ways. Looking back now, it’s amazing to see how that moment of change became the catalyst for three decades of growth, innovation, and pride in what CN has become.”

• Cristina Circelli, Vice-President Corporate Secretary and General Counsel at CN
  

Over the last three decades, CN has built a strong three-coast network that delivers value and opportunities for our customers and supply chain partners to reach new markets, enabling long term sustainable economic growth in North America and around the world.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts:
Media	Investment Community
Ashley Michnowski	Stacy Alderson
Senior Manager	Assistant Vice-President
Media Relations	Investor Relations
(438) 596-4329 media@cn.ca	(514) 399-0052 investor.relations@cn.ca

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c8a382b-4a3b-4eb7-9364-8bb947f316b3
https://www.globenewswire.com/NewsRoom/AttachmentNg/43dcb5fa-c564-4cc2-8b4d-ce23bd93c69e

FAQ

What did CN (CNI) announce for its 30th privatization anniversary on November 17, 2025?

CN commemorated 30 years since its 1995 IPO that raised C$2.25 billion and rang opening and closing bells at the TSX and NYSE.

When did CN (CNI) complete its privatization IPO and how much was raised?

CN completed its IPO on November 17, 1995, raising C$2.25 billion.

Who represented CN (CNI) at the TSX and NYSE bell ceremonies for the 30th anniversary?

Chair Shauneen Bruder and CEO Tracy Robinson rang the TSX Opening Bell and NYSE Closing Bell alongside senior executives.

Does CN's 30th anniversary announcement include new financial guidance or transactions for CNI shareholders?

No; the announcement is a commemoration of the IPO and transformation and does not provide new financial guidance or transactions.

How does CN (CNI) describe the effect of its privatization over 30 years?

CN says privatization catalyzed its transformation into a transportation leader that powers North American supply chains and economic growth.

Where can investors expect to see the ceremonial bell-ringing events CN referenced for CNI's anniversary?

The events occurred at the Toronto Stock Exchange Opening Bell and the New York Stock Exchange Closing Bell on the anniversary.