Timeline Wednesday 22 June 1988

Events on Wednesday 22 June 1988 1

• 1988 Dell Computer Corporation — IPO raises $30 million Dell Computer Corporation goes public on 22 June 1988, raising $30 million at $8.50 per share — valuing the four-year-old company at $85 million. Michael Dell is 23 years old. The IPO provides capital for international expansion and manufacturing investment. The direct-sales model is being refined into a science: minimal inventory, rapid component sourcing, and customer-configured systems assembled in days.