Apple went public on December 12, 1980, at a split-adjusted price of $0.02 per share. It was the first time that ordinary people could buy shares of Apple.
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Introduction
Apple went public on December 12, 1980. The company offered 4.6 million shares at $22 per share, raising $101 million. This made Apple one of the largest IPOs in history at the time. The stock split two-for-one on June 16, 1987, and split three-for-two on February 28, 2000.
The Early Days
Apple was founded on April 1, 1976 steve jobs Steve Wozniak and Ronald Wayne. The company was started in Jobs’ garage and had an initial public offering (IPO) on December 12, 1980. Apple went public at a split-adjusted price of $2.75 per share, meaning that if you had invested just $1,000 in Apple back then, your investment would be worth over $1 million today.
The First IPO
Apple went public on December 12, 1980 at a price of $22 per share. It was the biggest initial public offering since Ford Motor Company’s in 1956 and the largest technology IPO to date. The IPO raised $1.6 billion for the Cupertino, California-based company, making it the wealthiest Valley startup at the time.
After the First IPO
Apple first went public on December 12, 1980, selling 4.6 million shares at $22 per share. In total, the company raised $101 million. At the time, IPO’s were relatively rare; only 290 had been completed in the previous decade. Jobs was 25 years old when Apple went public and he became a millionaire overnight.
The stock price rose quickly after the IPO, hitting $29 by June of 1981. By the end of the year, it had reached $32. By 1983, Apple was one of the most profitable companies in America with a market value of $2 billion. Jobs was only 28 years old at the time.
The Present Day
Apple is currently one of the most successful companies in the world. It went public on December 12, 1980, with an initial public offering (IPO) of $22 per share. Today, Apple is worth over $2 trillion dollars and its shares are worth nearly $130 each.
