A $120 Investment in Coca-Cola's IPO Would Be Worth This Much Money Now
The IPO of Coca-Cola (NYSE: KO) took place more than a century ago. The company issued 600,000 shares of publicly available stock in September 1919 at $40 per share, according to a company news release.
Coca-Cola had already evolved significantly since Atlanta pharmacist John Stith Pemberton invented the formula for the original carbonated beverage in 1886. However, few could probably imagine where Coca-Cola or its stock would go in the coming decades.
Consumers can now find Coca-Cola products in more than 200 countries. It has also become a beverage empire encompassing over 500 brands across numerous types of drinks, though it intends to reduce that number over the next few years.
Source Fool.com
