Massachusetts Regulators Banned Apple 1980 IPO Over Blue Sky Laws

Steve Jurvetson posted an image of a lucite commemorating Apple's 1980 IPO that Massachusetts regulators refused to qualify under the state's blue sky securities laws. As a result local investors were barred from buying shares in the offering. The post framed the decision as government protection of citizens. Matthew Prince responded by noting he had discovered a new collectible category. The exchange underscores early regulatory hurdles faced by technology issuers and the artifacts that survive from those offerings.