Here's how rich you would be if you invested in Amazon at its IPO
Shares of Amazon have come a long way since the company's 1997 initial public offering. Since then, Amazon shares have sky rocketed 48,197% from their May 15, 1997 debut of $18 a share.
Before Amazon was the "Everything Store" it was an online book store. Back in 1997, consumers still overwhelmingly preferred to buy books at brick-and-mortar retailers such as, Barnes & Noble and Borders. Since then, Borders has declared bankruptcy and Barnes & Noble has struggled to reinvent itself.
According to Charlie Bilello, director of research at Pension Partners, every $10,000 invested at Amazon's IPO in 1997 would today be worth $4.8 million.
Bilello points out that while an investment in Amazon in 1997 would have returned 48,197% today, the same investment in Barnes & Noble would have only returned 26%. Of course, a Borders investment is worth zero today.
Charlie Bilello Stockcharts.com
Bilello also highlighted the last 10 years, during which Amazon has gained 1,404%. Here's how that compares to other related companies, according to Bilello:
+Walmart: +96%
+Best Buy: +38%
+Macys:+19%
+Target: +4%
+Bed Bath & Beyond: -5%
+Kohl's: -38%
+Staples: -50%
+Sears: -92%
+JC Penny: -93%
Click here for a real-time Amazon chart.
Markets Insider
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Sustainable Waste Disposal
- RBI announces auction sale of Govt. securities of ₹32,000 crore
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market