A technology lover and one of the great innovators of our time, Steve Jobs (1955-2011) lived a before and after in his life on December 13, 1980. And all, thanks to Manzana. In a matter of hours, it went from being a growth company to a true giant among companies in the United States.
Then of the world.
It is that on that date, exactly 42 years and 2 days ago, Apple went public, trading 4.6 million shares on the stock market at $22 per share.
It was the largest IPO (initial public offering) of its time. An IPO allows a private company sells its shares to the public for the first time, which allows investors to participate in the development of the company.
By purchasing a share of the company, as the Aptki portal explains, the person becomes the owner of a small part of it, with the benefit and risk it represents.
Millionaires in a matter of hours, all on the Apple train
At that time, more than 40 of Apple’s thousand employees became millionaires in just eight hours. As the company’s largest shareholder, Steve Jobs ended that day with a net worth of $217 million.
He was barely 25 years old.
In accordance with the Cult of Mac portal, Apple’s initial public offering turned out to be the largest since Ford Motor Company’s in 1956.
Apple shares would initially sell for $14 per share, underwritten by Morgan Stanley and Hambrecht & Quist. But they opened at $22, selling out in a matter of minutes.
On that day alone, AAPL was up 32%, with a closing value of $29 and a total valuation of $1.778 billion.
Steve Jobs, from Apple to glory
However, the options could not be cashed out immediately, so people (Mike Markkula, Steve Wozniak, Arthur Rock, Rod Holt and Jobs himself, among others) had to wait until they were officially purchased.
Meanwhile, finance rose and fell in step with the Dow Jones.
But the changes did not wait. and while a group of salaried employees received stock options, unskilled hourly employees did not, which increased the division.
Apple’s original leaders were looking for new spaces, including Steve Jobs, who left the company on December 12, 1985 to start NeXT, as well as investing in a computer graphics company.
It was called pixar.
It was the beginning of an even bigger story for Steve Jobs.