In 1980 the Apple IPO was too risky for Massachusetts

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.