If You Invested $2,000 in Salesforce in 2004, This Is How Much You Would Have Today
Salesforce (NYSE: CRM), the largest cloud-based customer relationship management (CRM) company in the world, went public on June 23, 2004. The company, founded five years earlier by former executive Marc Benioff, attracted lots of attention by replacing desktop-based CRM software with cloud-based services.
Salesforce listed its shares at a split-adjusted price of $2.75 per share, and a $2,000 investment in that initial public offering (IPO) would be worth more than $111,600 today. Let's see how Salesforce generated those massive gains -- and if it still has room to run.
Image source: Getty Images.
Source Fool.com
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