Going Public

We made stock options a reality for all eligible employees in 1991, but it wasn’t until June 26, 1992, that we made our initial public offering (IPO).

We weren’t exactly a new company by then – after all, we'd been around for 21 years – but seeing “SBUX” listed on Nasdaq a huge step. Howard Schultz once described it as “the happiest day of [his] business career.” Trading went well on June 26th – the company raised $29 million – and by the end of the fiscal year we’d accumulated $103 million in total net revenues, with 165 stores in five states and British Columbia, Canada.



Starbucks becomes a public company, and gets a new logo with a focus on the Siren’s face.

keep exploring