If You Invested $10,000 in Stabucks' IPO, This Is How Much Money You'd Have Now
Most investors wish they had bought a consumer discretionary stock like Starbucks (NASDAQ: SBUX) on the ground floor. They have good reason to think that. Investors who discover new lines of business and purchase stock in the emerging industry leader can end up with outsized returns over time. Let's see how that benefited Starbucks investors, and what stockholders can learn from the coffee giant.
Starbucks launched its IPO in 1992 at a nominal price of $17 per share. Since that time, the stock has undergone six two-for-one stock splits. Adjusting for those splits takes that opening stock price to just under $0.27 per share.
Had one bought $10,000 worth of Starbucks stock in 1992, that individual would have purchased 588 shares. The six stock splits over the last 28 years turn that position into 37,632 shares. Starbucks traded at $86.27 per share at close on Wednesday, which amounts to just over $3.2 million!
Source Fool.com
