Amazon (NASDAQ: AMZN ) The stock has made millionaires in its nearly three decades in the market. If you were lucky enough to buy a share At its initial public offering (IPO), you will have more shares today, and you will be richer. Amazon’s most recent stock split was in 2022, but it has gone through several. Let’s see what will be your situation today.
Amazon has Divide its stock Four times since going public in 1997, moves that have increased the number of shares while reducing the per-share price in concert. The first three splits happened at once, as Amazon was growing by leaps and bounds, and its stellar performance was reflected in a rapidly rising stock price. It split 1-for-2 in March 1998, and then split again 1-for-3 in November 1998. It went through another split of 2 for 1 in 1999. It remained quiet for the next 23 years, but Amazon’s price rose by four digits, and it finally split 20-for-1 in 2022.
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Amazon stock was priced at $18 at the IPO, but split-adjusted, that first share would have been worth $0.075. If you bought one share at the IPO, you would have 240 shares today. Those shares will be worth $47,280 as I write this.
If you bought just one share, you won’t be able to retire yet. But investors usually don’t buy just one share. If you invested $100 on the first day of trading, you’d have over $200,000 worth of shares today, which may not be enough to retire on, but it’s a nice chunk of change.
Amazon stock has been through some tough times, but buying and holding companies you trust can lead to long-term wealth creation. Today, Amazon doesn’t offer the same earth-shattering benefits as if you bought at the IPO, but it was riskier then, and now it offers growth with more security.
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