Today in Apple history: Apple goes public

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Apple earnings are on the way.
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

Dec12December 12, 1980: Apple goes public as it floats 4.6 million shares on the stock market for the first time.

In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million.

If you’d bought Apple stock instead of an Apple III, you’d be a millionaire

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Apple raked in the cash last quarter.
What we wouldn't give to travel back to 1980.
Photo: Jim Merithew/Cult of Mac

Want a spectacular stat for a Friday? Apple stock has increased 22,250 percent since its IPO almost 35 years ago.

And the accompanying depressing thought: If you had taken the money a new Apple computer cost at the time and instead spent it on AAPL stock during its 1980 public offering, you’d be sitting on a personal fortune of $965,650 today — just a few dollars away from being a freshly-minted millionaire.

Market Isn’t So Sweet On Candy Crush IPO

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Candy Crush Saga

For the company behind Candy Crush, developer King Digital don’t exactly seem to be crushing it in their public market debut on the New York Stock Exchange.

Shares in the popular developer — which grossed $1.88 billion last year — were valued at $22.50 on Tuesday. They then debuted at $20.50 on Wednesday, before quickly dipping to $19.06.