Microsoft's IPO opens on the stock market at $21 a share on February 14, 1986. At this time, Microsoft is making much of its revenue on Macintosh software, BASIC language interpreters and MS DOS. After the IPO, Microsoft begins a tremendous run producing substantial earnings increases over the next two decades. By 2003, a $2,100 investment at the 1986 IPO offering price is worth $1.5 million.
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