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Tag Archives: Financial

April 2

April 2, 1940 – The First Sales of Disney Common Stock are Offered

On April 2, 1940, the first common stocks of Walt Disney Productions were offered to the public. The offerings were released with 6% cumulative convertible preferred shares; common stock offerings were about $5 a share (almost $89 when adjusted for inflation). The sales of stocks went on to raise $3.5 million for the company. On November 12, 1957, the company would be listed on the New York Stock Exchange.

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November 12

November 12, 1957 – Disney is Added to the New York Stock Exchange

disney-stock

“Based upon Disney’s returns OTC and on the NYSE, Disney probably has the ‘happiest’ shareholders on Earth.” – Business Insider

On November 12, 1957, the Walt Disney Company’s first stocks were listed on the New York Stock Exchange. The stock closed at $13.75 on its first day ($118.14 when adjusted for 2016 inflation), and managed to jump to a close of $59.50 in April of 1959 ($493.64 when adjusted for 2016 inflation). Since its introduction in the NYSE, Disney stock has been of the top performers, with an initial $1 investment in 1957 estimating to be worth at least $5000 today.