On December 12, 1980, Apple (ticker symbol "AAPL") went public selling 4.6 million shares at $22 per share ($.10 per share when adjusting for stock splits ), generating over $100 million, which was more capital than any IPO since Ford Motor Company in 1956. Several venture capitalists cashed out, reaping billions in long-term capital gains. By the end of the day, the stock rose to $29 per share and 300 millionaires were created. Apple's market cap was $1.778 billion at the end of its first day of trading.