Pixar Stock Surges From $22 To $39

Steven P. Jobs, who helped start Apple Computer Inc., become a billionaire Wednesday when a small digital studio he bought nine years ago went public to a storm of investor demand.

In its first trading day, investors gave Pixar Animation Studios, the company that made the current No. 1 movie “Toy Story,” a market value of $1.46 billion.

Pixar’s stock, priced by underwriters Tuesday at $22, shot to $46 on its opening trade, reached as high as $49.50 and closed at $39 on the Nasdaq Stock Market.

Jobs owns 80 percent of Pixar’s 37.4 million outstanding shares.