In the first half hour, the stock shot up to $45, and trading had to be delayed because there were too many buy orders.
It then went up even further, to $49, before settling back to close the day at $39.
Earlier that year Jobs had been hoping to find a buyer for Pixar that would let him merely recoup the $50 million he had put in.
By the end of the day the shares he had retained--80% of the company--were worth more than twenty times that, an astonishing $1.2 billion.
That was about five times what he'd made when Apple went public in 1980.
But Jobs told John Markoff of the New York Times that the money did not mean much to him.
"There's no yacht in my future," he said. "I've never done this for the money."
The successful IPO meant that Pixar would no longer have to be dependent on Disney to finance its movies. That was just the leverage Jobs wanted.
"Because we could now fund half the cost of our movies, I could demand half the profits," he recalled.
"But more important, I wanted co-branding. These were to be Pixar as well as Disney movies."