By 1970, Walmart had expanded to 30 stores in th small towns of Arkansas, Missouri, and Oklahoma. San Walton, however, was personally several million dollar in debt. For Walmart to expand beyond its small region re quired an infusion of capital beyond what the Walton fam ily could provide. Walton thus decided to offer Walmar stock publicly. The initial public offering yielded nearly $5 million in capital. By the early 1990s, 100 shares of tha initial stock offering would increase in value from $1,650 tc more than $3,000,000.