Enterprise Value: Apple vs. Microsoft on IPO date(updated)

In order to calculate a company's Enterprise value on its IPO date, we must take the price per share and multiply that by the total number of shares to be outstanding. In the case of Apple, they started with a price of $22.00 per share. 54,215,332 shares were to be outstanding.

54,215,332 x $22.00= $1,192,737,304.

Therefore, Apple's Enterprise Value at the time of its public offering was $1,192,737,304

Microsoft: 24,615,113 shares x $22.00 per share= $543,732,486

In conclusion, Apple's Enterprise value was approximately 219% greater than Microsoft's at the time of its initial public offering.

**Current EV:

Microsoft:
$18.00(share price) x 69,413,800(total shares)= $1,249,484,400

Apple:
$91.20(share price) x 26,780,200(total shares)= $2,442,354,200

Apple's Enterprise value is approximately 195% greater than Microsoft's currently