If You Bought the Amazon IPO...
Amazon (AMZN) stock came public on May 15, 1997. It opened for trading at $2.44.
If you put $1,000 into it on the open, you'd have bought 410 shares.
And you'd be down by 42% in your first 7 days of owning the stock.
But if you held on, your 410 shares would now be worth $1,330,983.02.
Here's how your money would have grown:
This really puts the infamous Barron’s “Amazon.com” cover in perspective…
Listen and be open, but don’t let anybody tell you who you are. This was just one of the many stories telling us all the ways we were going to fail. Today, Amazon is one of the world’s most successful companies and has revolutionized two entirely different industries.
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