Amazon Shows The Power of Markets
Quote from Ndubuisi Ekekwe on March 23, 2019, 11:49 PMIf you had invested $100 in Amazon on its 1997 initial public offering, that investment would have been worth about $120,000 in 2018.
Amazon.com Inc. (AMZN) became the second company to hit $1 trillion in market value on Sept. 4, 2018, close on the heels of Apple Inc., which achieved this feat in early August. But in the 20-plus years since its initial public offering (IPO), Amazon stock was not always the hot commodity that it is today. When Amazon first went public in 1997, its stock was priced at just $18 per share.
From that modest beginning, the online retail giant has seen its stock skyrocket, despite a rocky period during the dot-com crash. The company's shares hit a new high of $2,050.50 a share on Sept 4, 2018, before dipping to $1,870.32 on Oct. 10.
If you had invested $100 in Amazon on its 1997 initial public offering, that investment would have been worth about $120,000 in 2018.
Amazon.com Inc. (AMZN) became the second company to hit $1 trillion in market value on Sept. 4, 2018, close on the heels of Apple Inc., which achieved this feat in early August. But in the 20-plus years since its initial public offering (IPO), Amazon stock was not always the hot commodity that it is today. When Amazon first went public in 1997, its stock was priced at just $18 per share.
From that modest beginning, the online retail giant has seen its stock skyrocket, despite a rocky period during the dot-com crash. The company's shares hit a new high of $2,050.50 a share on Sept 4, 2018, before dipping to $1,870.32 on Oct. 10.