The biggest IPO since Ford

In 1980, Apple Computer was preparing to go public. This move had several major implications for Steve Jobs, both professionally and personally.

First, the board was concerned about the potential bad publicity around Steve’s handling of his daughter Lisa. They insisted that he settled the case with Chris-Ann before the end of the year, as the IPO was scheduled for December 1980. Reluctantly, he agreed to reimburse the country’s welfare the money they had spent on the mother of his daughter, i.e. $20,000.