If You'd Bought 1 Share of Advanced Micro Devices at Its IPO, Here's How Many Shares You Would Own Now
After its founding in 1969, Advanced Micro Devices (NASDAQ: AMD) didn't wait long before it decided to debut on public markets. The company held its initial public offering (IPO) three years later in 1972, issuing 620,000 shares of stock at $15.50 per share.But a lot has changed over the past five decades. Today, several stock splits have resulted in more than 1.6 billion outstanding shares of AMD stock. Those who had the foresight to click the buy button on AMD stock at its IPO, consequently, have seen their positions grow considerably with respect to the number of shares in their portfolios.It has been nearly 25 years since the last time AMD split its stock, but investors who added the semiconductor company to their portfolios at its IPO likely remember a lot more attention to stock splits in the company's early innings. After going public in 1972, AMD completed its first stock split, a 3-for-2 stock split, in 1978. And several stock splits quickly ensured.Continue reading
After its founding in 1969, Advanced Micro Devices (NASDAQ: AMD) didn't wait long before it decided to debut on public markets. The company held its initial public offering (IPO) three years later in 1972, issuing 620,000 shares of stock at $15.50 per share.
But a lot has changed over the past five decades. Today, several stock splits have resulted in more than 1.6 billion outstanding shares of AMD stock. Those who had the foresight to click the buy button on AMD stock at its IPO, consequently, have seen their positions grow considerably with respect to the number of shares in their portfolios.
It has been nearly 25 years since the last time AMD split its stock, but investors who added the semiconductor company to their portfolios at its IPO likely remember a lot more attention to stock splits in the company's early innings. After going public in 1972, AMD completed its first stock split, a 3-for-2 stock split, in 1978. And several stock splits quickly ensured.
