TurboTax IPO, Why I Absolutely Love the Intuit Stock Brand and Why This Stock is a Buy!

While there technically has not been a TurboTax IPO, nor will there ever be one, there has been an Intuit IPO, and in fact there has been an Intuit IPO out since 1993 when TurboTax first started putting out their original software kits for sale at places like Best Buy, Office Depot and Staples. I’ll never forget when someone in my office around the age of 70 said that they had purchased the software package on CD rom (this was in the year 2019 mind you), to which I went on to say that he should purchase the online package, since it is now the future. It got me to wondering just why in the heck he would still have a CD rom for Turbotax, and it reminded me that this was how TurboTax started out making their living before the inception of the internet was as mainstream as it is now! TurboTax started from their humble beginnings in office store shelves, and they soon moved to become a high level software company that has TurboTax, Quickbooks, and just about every single financial and accounting software that you could possibly imagine, and that now grosses billions of dollars a year in annual revenue, with a market cap of $84 Billion, which is nothing short of absolutely mind boggling since the majority of their customers get their tax software entirely for free (W-2 filers and the like). In this blog post, we’ll talk about the TurboTax IPO, and will discuss when they went public, and why they are a really great company. For more information on all things finance, be sure to comment down below, or subscribe to our blog for additional details and information.

The major software that Intuit and TurboTax offer include the following:

TurboTax

Quickbooks

Turbotax IPOQuickbooks Pro

Quickbooks Self Employed

Mint

Accountants

Lacerte Tax

T-Sheets

As much as they own the accounting Market, Microsoft still wins with the best accounting software’s yet, including:

Microsoft Excel

Microsoft Word

Microsoft Powerpoint

Microsoft Publisher

And the like. Read on or subscribe to our blog for additional details and information.

The Turbotax IPO and the Intuit IPO, Did Microsoft Acquire Intuit or Not?

As far as I can tell, it looks like Microsoft did acquire Intuit very early on, in like 1995, for somewhere in the neighborhood of $2,000,000,000.00, which would’ve given each one of the founders hundreds of millions of dollars to add to their net worth. From here, it looks like Microsoft simply maintained a majority portion of the shares, and then allowed Intuit to continue operating on their own. Intuit did just this, creating some of the biggest, best and most profitable financial software markets that the world has ever seen, and amassed a market capitalization in the range of $85,000,000,000.00, yes that’s right $85 Billion, not too shabby for a simple tax software company.

What I Love About Intuit TurboTax

I personally love the layout and how user friendly TurboTax is. As a finance nerd, I also love how the software kind’ve teaches you how to file your taxes as you go, you learn about all the tax forms, including W-2, form 1040, Form 1120-S, The Schedule A, the Schedule C, the Qualified Business Income deduction and the like, and are able to view all of your returns right in one convenient place. The software is very intelligent, and while you are filing your taxes you are able to speak with highly trained CPA’s all employed by turbotax in order to assist you in filing accurately, all for as cheap as one night out to dinner.

Final Thoughts on the TurboTax IPO, And Why You Should Use TurboTax Intuit for Your Accounting Needs

In short, the TurboTax IPO was somewhat of a cluster, in that Intuit originally IPOd, and they then proceeded to be acquired by Microsoft by more than $1.2 billion, which is not too shabby for the group of 20-something year old’s that made TurboTax. They are indeed worth much more than $100,000,000.00 each right now, which is something of an insurmountable amount of money for someone at that age. What did you think of the Intuit IPO and of their products TurboTax and quickbooks? Be sure to comment down below and let us know, and to subscribe to our blog for regular finance news updates.

 

Cheers!

 

*Inflation Hedging.com

Sources:

https://www.bankrate.com/banking/cds/cd-rates/

https://money.cnn.com/data/markets/

 

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