Apple 's Initial Public Offering Essay
Apple’s Initial Public offering Week Five Assignment Finance 516
• Identify the company and its industry.
• Discuss important financial and other facts about the company from its SEC filings.
• How successful was the IPO in raising capital?
• What has happened to the company since the IPO?
• What is the trend in the stock price of the company since the IPO?
Identify the company and its industry: Apple Inc. is a multinational company which was established in 1976 by its founders Steve Jobs and Steve Wozniak and the company’s headquarter is located in Cupertino, California. The company specializes in manufacturing software, personal computers smartphones; it has also gained a huge market share in the digital media industry as it distributes media content through its well-known iTunes software. Steve Jobs and Steve Wozniak were both college dropouts, but Jobs had worked for the well-known gaming company at that time Atari and Wozniak was working for Hewlett-Packard. They had a dream of having their own computer company which was incorporated in 1976 as Apple computer Inc.
The first computer that was manufactured in 1976 and was called Apple 1 was hand build by Wozniak at Jobs Parents’ garage and was sold for $666 which was expensive compared to other computers at that time. In 1984, Jobs introduced the Macintosh, the world’s most affordable computer at that time to offer a graphical user interface which…