In December 1980, Apple had its IPO. They were not allowed to sell in Massachusetts because they were deemed to be too risky.
At end of the day, the stock had increased in value by almost 32% to close at $29, leaving the company with a market value of $1.778 billion. Apple is now worth over $1 trillion. This was an increase of over 500 times from the end of trading on its first day.
As Apple passes $1 trillion, you may recall that in 1980, Massachusetts barred sales of the IPO, deeming them too risky. pic.twitter.com/w3AjVPyhbu
— CNBC's Fast Money (@CNBCFastMoney) August 2, 2018