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The company’s 1986 preliminary public offering (IPO) and subsequent rise in its share price created three billionaires and an estimated 12,000 millionaires amongst Microsoft employees.
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Microsoft moved its headquarters from Bellevue to Redmond, Washington, on February 26, 1986, and went public with an preliminary public offering (IPO) at the NASDAQ change on March 13, with the resulting rise in inventory making an estimated 4 billionaires and 12,000 millionaires from Microsoft workers. IBM had copyrighted the IBM PC BIOS, so different firms needed to reverse engineer it for non-IBM hardware to run as IBM PC compatibles, however no such restriction applied to the working techniques. For this deal, Microsoft bought a CP/M clone known as 86-DOS from Seattle Computer Merchandise which it branded as MS-DOS, though IBM rebranded it to IBM PC DOS. In August 1977, the corporate shaped an settlement with ASCII Journal in Japan, leading to its first international office of ASCII Microsoft.
