Could SINA Corp. Be a Millionaire Maker Stock?

Could SINA Corp. Be a Millionaire Maker Stock?

Chinese tech company SINA (NASDAQ: SINA) is often overshadowed by bigger players like Baidu (NASDAQ: BIDU), Alibaba (NYSE: BABA), and Tencent (NASDAQOTH: TCEHY). But since going public in 2000 at $17 per share, the stock rose nearly 530% to its current price.

This means that if you had invested $160,000 in SINA's IPO, your initial investment would be worth over $1 million today. If you had bought SINA after it sank to nearly $1 per share in late 2001, an investment of just $10,000 would be worth $1 million today.

Source: Getty Images.

Continue reading

Source: Fool.com