Wednesday, February 14, 2007

Technology History - Microsoft Goes Public

Microsoft's IPO opened on the stock market on February 14, 1986 -- 21 years ago, today. The asking price of the IPO was $21.00 per share. At that time, the Microsoft Corporation was making much of its revenue on Macintosh software, BASIC language interpreters, and the PC operating system MS-DOS. Does anyone remember "edlin"?
After the IPO, Microsoft began a tremendous run; earning large increases in revenue over the next two decades. By 2003, a $2,100 investment at the 1986 IPO offering price was worth $1.5 million.