- Apple just became the first US company with a market capitalisation over $US1 trillion.
- A $US1,000 investment at the stock’s closing price after its December 12, 1980 IPO would be worth about $US8.9 million today.
- Watch Apple trade in real time here.
It’s official: On Thursday, Apple became the first publicly traded US company with a market capitalisation over $US1 trillion.
And an investor who bought in around the company’s initial public offering would have made a very impressive return.
After initially offering its stock at $US22 per share on December 12, 1980, Apple closed around $US29 a share, or about $US0.02 after adjusting for stock splits and dividends, according to data from Yahoo Finance. As of about 1:37 PM ET on Thursday, Apple was trading at about $US207.42 per share, a bit above the magic number of $US207.05 that sent the stock’s market capitalisation over $US1 trillion.
The chart below shows the value over time of a $US1,000 investment in Apple made at its December 12, 1980 closing price. As of Thursday afternoon, that investment would be worth about $US8,914,000, which is a pretty good return.
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