Steinway Musical Instruments Appears to be to Strike Suitable Observe With IPO

In 1853, Franklin Pierce turned President of the U.S., Washington turned a territory and Levi Strauss began his clothing and dry-merchandise business in San Francisco.

In that exact same 12 months, a German immigrant named Henry Engelhard Steinway developed the first Steinway piano in a loft at 85 Varick Road in New York Metropolis.

Steinway, who went by Steinweg again then, experienced a easy goal: “To establish the best piano doable.”

‘No Way But Steinway’

The firm has developed radically given that those people early days, and the checklist of artists who have employed Steinway pianos vary from Irving Berlin and Cole Porter to Sergei Rachmaninoff to Diana Krall and Billy Joel.