On March 13, 1986, Microsoft rocked the financial world with its IPO, raising $61 million and valuing the company at $777 million. Bill Gates, at just 31, saw his wealth skyrocket, making him a billionaire by age 32. Microsoft was profitable due to its dominance in operating systems and popular products like MS-DOS and Excel. While the company faced legal issues for anti-competitive behavior in the late 1990s, it remains a major player in the tech industry. The IPO’s impact led to the dotcom bubble, driving entrepreneurs and venture capitalists to chase the next big thing, with mixed success.
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