December 12: Apple’s Initial Public Offering
1980 - Apple Computer goes up for their Initial Public Offering and makes a statement in the market. Using the symbol “AAPL”, Apple shares started at $22 – but sell out within minutes. By the end of the day, shares rose to $29. The market value became 1.8 Billion, which, in turn, made employees and investors pretty rich – Steve Jobs reports $217 Million, being the largest shareholder. It beat out Ford Motor when it went IPOV (IPO Viral).
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Other Historical Events in Technology
- OSCAR I goes into orbit
- Christopher Cockerell patents the Hovercraft
- FidoNet #1 Hard drive failure