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Michael Dell: Dell Computer public debut valued company at $85 million
On this date 38 years ago, Dell Computer went public, raising $30 million at an $85 million market capitalization. The initial public offering (IPO) price was set at $8.50 per share, which is about 9 cents per share when adjusted for stock splits. Michael Dell expressed gratitude toward customers, partners, and team members for their roles in the company’s journey and highlighted the importance of ongoing effort with the phrase ''Keep building. Onward''. The announcement highlights a significant milestone in U.S. technology and business history.
Earlier this year, Michael Dell announced that his foundation is providing $250 investment accounts for U.S. children in lower-income ZIP codes born since 2016. He has also advised individuals to focus on building value and taking responsibility for personal and community growth. These initiatives reflect Dell’s continued emphasis on long-term impact and support for broader access to opportunity.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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