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Sam Walton was an American entrepreneur and businessman born in Kingfisher, Oklahoma. He served in the Army in 1942 during World War II, rising to the rank of captain before returning home after the war. He studied economics at the University of Missouri. Walton worked for a number of retail companies before starting his own retail company. J.C. Penney is an example of a retail company he once worked for. Walton had several innovative business practices that helped him grow Walmart . For example, he focused on affordability of products and employee ownership. Walton's career was distinguished and he received many awards and honors, including a Presidential Medal of Freedom which he received from President George H.W. Bush for his dedication to the community and contributions to the retail industry. He was also inducted into the Retail Hall of Fame in 1989 to honor his achievements in the retail industry. He died on April 5, 1992, at the age of 74. At the time of his death, he was already one of the richest people in the world. To this day, his legacy is known as an entrepreneur committed to low prices, innovation, philanthropy and customer service.

Walmart's IPO
On October 1, 1970, Walmart went public on the New York Stock Exchange. The initial offering price amazon data was $16.50 per share. The company offered 300,000 shares for sale and was able to raise approximately $5 million after the sale. In 1980, Walmart split its stock for the first time. Walmart has continued to lose stock several times over the years. To date, the company has split its inventory eleven times, and each split has been 11-for-2. Walmart's stock price has risen significantly since its IPO, despite the numerous stock splits. Currently, each Walmart share trades above $140.