Apple floats on the stock market

12th December 1980
Apple floats on the stock market

On 12th December 1980, Apple floats on the NASDAQ stock market, selling 4.6 million shares at $22 each. All shares were sold almost immediately, and the stock price rose to $29 by the end of the day's trading.

Apple's IPO was the largest since the Ford Motor Company went public in 1956. Steve Jobs, the largest shareholder, made $217 million dollars. More than 40 Apple employees became instant millionaires thanks to their stock options.

Related information:


  • Apple's IPO prospectus
    Credit: Morgan Stanley & Co. and Hambrecht & Quist., Public domain, via Wikimedia Commons

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Apple floats on the stock market

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