Apple announced along with its Q3 earnings that its stock would see a 4 for 1 split at the end of August. Ahead of the split, Apple has shared a FAQ document on its investor relations site. One of the neat details is a reminder of the massive growth the company has seen since going public back in 1980. And the current share price is nearing $500 just days after the company’s market cap hit $2 trillion.
CNBC‘s Kif Leswing spotted the stock split FAQ. Apple highlights that when factoring in all of the stock’s splits, the IPO share price works out to 39 cents.
Apple went public on December 12, 1980 at $22.00 per share. The stock has split four times since the IPO so on a split-adjusted basis the IPO share price was $.39.
Doing some calculations, Kif noted that over the almost 40-year run so far as a public stock, AAPL has seen an incredible 125,285% increase.