If You'd Invested $1,000 in Super Micro Computer in 2007, This Is How Much You Would Have Today
Super Micro Computer (NASDAQ: SMCI), more commonly known as Supermicro, didn't impress the bulls when it went public on March 29, 2007. It priced its IPO at $8, well below its forecast range of $9.50-$11.50, and it closed at $8.76 on its first trading day. At the time, Supermicro seemed like just another producer of high-performance servers.
That market was already dominated by companies like Hewlett-Packard Enterprise, which split from in 2015, and Dell Technologies. The California-based company was also fined in late 2006 for violating U.S. trade sanctions by indirectly exporting its motherboards to Iran in 2001 and 2002.
But if you had ignored those bearish takes and invested $1,000 in Supermicro's IPO, your investment would be worth about $35,600 today. The same investment in an S 500 index fund would only have grown to about $4,200 after including reinvested dividends. Let's see why Supermicro's stock skyrocketed and outperformed the market.
Source Fool.com
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