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Monday marked the 20-year anniversary of Google’s IPO. The stock has appreciated over 6,500% since then. Google went public 20 years ago—what your $1000 investment would be worth today
Google’s Adjusted IPO Price. Google went public at a price of $85 per share. It opened its first day of trading at $100 and closed at $100.34, according to the Wall Street Journal. However, due ...
DoubleClick: An online advertising company that soared after its IPO, it was acquired by Google in 2007. eGain: Its stock price doubled shortly after its 1999 IPO. Egghead Software: An online software retailer, its shares surged in 1998 as investors bought up shares of Internet companies; by 2001, the company was bankrupt.
The stock performed well after the IPO, with shares hitting $350 for the first time on October 31, 2007, [214] primarily because of strong sales and earnings in the online advertising market. [215] The surge in stock price was fueled mainly by individual investors, as opposed to large institutional investors and mutual funds. [215]
However, IPO investors that have held onto the stock have certainly been rewarded. Google stock has averaged a 24.8% annual gain since its 2004 IPO.See more from Benzinga * 5 Ways Today's Market ...
The relationship between Google, Baidu, and Yahoo. After the IPO, Google's stock market capitalization rose greatly and the stock price more than quadrupled. On August 19, 2004, the number of shares outstanding was 172.85 million while the "free float" was 19.60 million (which makes 89% held by insiders). Google has a dual-class stock structure ...