ON THIS DAY IN 1997, AMAZON $AMZN WENT PUBLIC
The IPO price was $18 per share ... Amazon has had 4 stock splits throughout the years making its split adjusted IPO price be
$0.075 per share
Today Amazon trades at over $260 per share
Every $10,000 invested into Amazon's IPO is currently worth $35.6 Million
At the time, Wall Street thought Amazon was a bookstore with a website.
Jeff Bezos had other plans.
From books to cloud computing to logistics to streaming to AI, Amazon has become one of the most diversified and dominant businesses ever built.
28 years ago today it was a $438M company.
Today it is worth $2.8 trillion.