If You'd Invested $1,000 in Shopify Stock 10 Years Ago, Here's How Much You'd Have Today
Next month will mark the 10th anniversary of Shopify's (NASDAQ: SHOP) initial public offering (IPO). During this time, the Ottawa-based company has become Canada's second-largest company by market capitalization, surpassing $126 billion.With those kinds of gains, investors who bought the stock 10 years ago have obviously benefited tremendously, but the size of those gains may come as a surprise.Shopify came to the market on May 21, 2015. Although its offering price was a split-adjusted $1.70 per share, investors would have bought at around $2.56 per share, buying about 390 post-split shares with their $1,000 investment. Today, those shares would be worth just over $38,000!Continue reading
Next month will mark the 10th anniversary of Shopify's (NASDAQ: SHOP) initial public offering (IPO). During this time, the Ottawa-based company has become Canada's second-largest company by market capitalization, surpassing $126 billion.
With those kinds of gains, investors who bought the stock 10 years ago have obviously benefited tremendously, but the size of those gains may come as a surprise.
Shopify came to the market on May 21, 2015. Although its offering price was a split-adjusted $1.70 per share, investors would have bought at around $2.56 per share, buying about 390 post-split shares with their $1,000 investment. Today, those shares would be worth just over $38,000!
