Wackenhut Corrections (Later GEO Group) Goes Public on NASDAQ, Second Major Private Prison Company Enters Wall Street

Wackenhut Corrections Corporation (WCC) launches its initial public offering on NASDAQ, selling 2.2 million shares and becoming the second major private prison company to go public. Founded in 1984 by George C. Zoley as a division of The Wackenhut Corporation security firm, WCC establishes itself as …