If You Invested $10,000 in PayPal’s IPO, This Is How Much Money You'd Have Now
PayPal Holdings (NASDAQ: PYPL) is a digital payment behemoth enabling over 1 billion transactions a month. One of the top dogs in the war on cash, the company is a cash flow machine, on pace to generate $3.5 billion in free cash flow this year. Much of this cash is returned to investors via share repurchases -- $350 million in the third quarter alone. And its strong financial position provides opportunities to acquire other companies, like its recent $4 billion purchase of Honey. Many recent acquisitions are focused on giving the company a greater international presence and tapping other payment trends like peer-to-peer transactions.
PayPal has grown into its $120 billion market cap. That gives it a higher valuation than companies like Eli Lilly and Texas Instruments. But while those two companies were founded in 1876 and 1930, respectively, PayPal was founded just 30 years ago. After changing its name from Confinity, it had its IPO in 2002.
What would it have been like to invest in that PayPal IPO? Specifically, what would it have been like to invest $10,000 in PayPal back then? Let's find out.
Source Fool.com
