Intel went public in 1971 at $23.50 per share. I don’t have complete records before late 1973, but I think the lowest per share price — based on the shares then trading — was $14.88 in 2003.
If you look at a long-term stock chart, you can get the impression Intel was a penny stock, because the chart is adjusted for splits. If you bought one Intel share at any time in the 1970’s, and put it away, you now have 96 shares thanks to splits.
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