Q. Weren't great stocks once penny stocks? A. No. Virtually all quality growth stocks -- such as Microsoft or Walmart -- started with IPOs usually around $15 to $25 and commenced trading on an exchange such as the NYSE or NASDAQ.
Microsoft, for example,IPO'd in 1986 at $21 a share. A year later it hit $90. MSFT often traded well over $100 a share during its early years. It never traded as a penny stock.
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