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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Doren who wrote (162881)	12/13/2013 3:36:54 PM
From: Moonray	Read Replies (1) \| Respond to of 213176

Here’s How Apple Made 300 Millionaires in 1980 This week marked the thirty-third anniversary of Apple’s ( NASDAQ:AAPL) initial public offering on December 12, 1980. According to EDN Network, Apple’s 4.6 million shares quickly sold out and generated more capital than any previous IPO since the Ford ( NYSE:F) Motor Company in 1956. The IPO created $217 million in wealth for Steve Jobs, Apple’s largest shareholder and company cofounder. Apple’s IPO also created about 300 other millionaires — more than any other company had ever created up until that time. As noted by EDN Network, Apple’s stock climbed by nearly 32 percent to $29 a share by the close of the trading day and left the California-based computer company with a market value of $1.778 billion. According to Apple’s Investor Relations site, the stock debuted at $22.00 per share. However, since the stock has split three times since the IPO, the split-adjusted IPO share price would actually be $2.75. Since its auspicious beginning at the start of the 1980s, Apple’s stock has r ecorded significant growth by the end of each decade despite occasionally also seeing precipitous declines. More at: wallstcheatsheet.com o~~~ O