If You Invested $10,000 in Teladoc's IPO, This Is How Much Money You'd Have Now
The digital health sector is expected to grow with a compound annual growth rate (CAGR) of close to 30% to reach a valuation of almost $640 billion by 2026, according to market research firm, Statista. These mind-blowing figures make one thing abundantly clear -- the digital health market is booming. And stocks in this sector have seen remarkable gains this year despite the volatility of the wider market.
As one of the world's preeminent telehealth companies, Teladoc (NYSE: TDOC) has achieved unprecedented growth since the pandemic began. The stock is up by more than 165% year to date, and the company reported revenue up 85% year over year in the second quarter, which ended June 30.
Teladoc listed its initial public offering (IPO) on the New York Stock Exchange on July 1, 2015. If you had invested in the company on its IPO date, here's exactly how much that investment would be worth today.
Source Fool.com
