Apple Inc. Initial Public Offering

Apple Inc. became a publicly traded company on December 12, 1980, offering 4.6 million shares on the Nasdaq stock exchange at $22 each and raising more than $100 million, the largest initial public offering since Ford Motor Company's 1956 stock sale. By the close of trading on the first day, Apple's market capitalization reached $1.778 billion, and more than 300 Apple employees and early investors became instant millionaires. The offering gave cofounders Steve Jobs and Steve Wozniak substantial personal fortunes and provided Apple with the capital to expand beyond its original Apple II product line. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/