New Delhi: On July 5, 1994, the 30-year-old Jeff Bezos submitted a document to start a company called Cadabra, online bookstore.
Quickly named Amazon, after the largest river in the world, the company sold her first book one year later and went public in May 1997.
At that time, even the Keenest optimistic could not predict what the Amazon event would change to: one of the biggest, mostly influential company in the world.
Last Friday, on July 2, the company’s shares closed at $ 3,510.98 for market capitalization of $ 1.77 trillion.
Thanks to growing income and newly found appetite, Amazon has run for a while for a while, with its stock price almost doubled over the past two years.
Read Alsowhat If you have invested in the $ 1,000 IPO Amazon in May 1997New Delhi: On July 5, 1994, the 30-year-old Jeff Bezos submit a document to start a company called Cadabra, online bookstore.
Quickly named Amazon, after the largest river in the world, the company sold her first book one year later and went public in May 1997.
At that time, even the company’s stocky shares had looked like a better investment for a better part.
24 years since the company’s IPO, the last five years really is a layer of sugar on the cake.
Anyone who is smart, patient or just lucky enough to buy Amazon shares at the 1997 IPO company and save it, can now see a fairly large wealth or (depending on initial investment).
Because our graph illustrates, the initial investment is $ 1,000, enough to buy 55 shares at a price of $ 18 in May 1997, now it will be worth more than $ 2 million.
Next to the climbing of stock prices from $ 18 to $ 3,510, a large return can be associated with three stock splits, which changed the shares bought in 1997 to twelve shares at the end of 1999.
Source: Statista