Saturday, March 11, 2006 12:55:45 PM
http://www.otc-advisors.com/
"Examples like Wal-Mart, Microsoft, IBM and Nike were all penny stocks at one point."
Microsoft IPO'd in 1986 at $21 and closed the day at $28. They'd been in biz for 10+ years, had 900+ employees and over $140 million in revenues.
Nike began as Blue Ribbon Sports in 1963/4, by the time they had an IPO in 1980 as NIKE they were doing over $269 million in sales and had over 2700 employees. Went public Dec 2/80 at $22.
IBM sheesh, began in 1888, incorporated in 1911, no idea about the ipo but in 1914 when still trading as the Computing-Tabulating-Recording Company the stock was about $3
Walmart did start over the counter in the pennies and even with a purportedly "shady" underwriter.
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