CCA's initial public offering was in October 1986 on the NASDAQ under the ticker symbol CCAX. The initial number of shares was 2 million at a price of $9.00 per share. In December 1994 CCA lists its stock on the NYSE under the symbol CXC.
In July 1997 Prison Realty Trust is formed, trading on the NYSE under the symbol PZN.
In January 1999, all shares of CCA stock converted to PZN at 0.875 shares of PZN for each share of CCA held.
On October 1, 2000 PZN recombines CCA and PZN as a single operating company from its REIT structure to a traditional C-corporation and reassumes the name Corrections Corporation of America and begins trading on the NYSE under the ticker symbol CXW.