If You Invested $100 in Baidu IPO, This Is How Much Money You'd Have Now
Shares of Baidu (NASDAQ: BIDU) are showing signs of life in 2020. China's leading search engine is trading 6% higher this young year, outpacing the market's 4% year-to-date gain. Baidu's move may not seem like much, but after back-to-back years of declines -- shedding nearly half of its value in that time -- it's a refreshing change for a stock that just a couple of years ago was one of the market's hottest tech stocks.
Baidu continues to be a winner for investors who got in early. If you invested $100 at the time of Baidu's IPO nearly 15 years ago that position would be worth $4,963 today. The stock that went public at $27 in the summer of 2005 -- executing a 10-for-1 split five years later, adjusting the IPO price to $2.70 -- is nearly a 50-bagger despite currently trading for slightly less than half of its 2017 peak value. Baidu has come a long way, and it's been a volatile 15 years.
Image source: Baidu.
Source Fool.com
