"Lawrence Levy, the company's then-CFO, wrote that it reminded him of the 100-meter sprint in the Olympic Games: a lifetime of training that comes down to a snapshot performance. 'If the world fell in love with Toy Story, Pixar would have a chance to usher in a new era of animated entertainment.'"
"If it didn't, Pixar might be written off as another company that tried but never quite hit the mark. As the 80% owner of Pixar, the IPO stakes were even higher for Jobs."
"Luckily, all expectations were shattered. Pixar's initial stock price was predicted to reach between $12 and $14, but at the end of the first day of trading, it was worth 175% more, at $39 a share."
Steve Jobs acquired Lucasfilm's computer graphics division for $10 million in 1986, renaming it Pixar. After a challenging start, Pixar released Toy Story in 1995, which was pivotal for its success. The film's reception was crucial for Pixar's future, as it determined whether the company would thrive or fail. The IPO that followed made Jobs a billionaire, with Pixar's stock price soaring to $39 a share, significantly exceeding expectations. This success marked a new era in animated entertainment and solidified Jobs' legacy in the industry.
Read at Fortune
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