If You Invested $5,000 in Shopify's IPO, This Is How Much Money You'd Have Now
Programmer and snowboard fanatic Tobias Lutke wanted to sell snowboards on the web, but he had a problem. There wasn't any commercially available software to help him get started. So he built a customizable e-commerce platform from scratch, and his online store, called Snowdevil, got up and running. By 2004, it was evident that the software he developed was a better business opportunity than selling snowboards, and so Shopify (NYSE: SHOP) was born.
The company has come a long way since then. Its platform now services over 1 million merchants and the goods sold on it in the most recent quarter totaled $14.8 billion. These days, merchants are paying $50.7 million in monthly subscription fees to use the platform, which helped drive revenue up 47% year over year to $1.07 billion for the first nine months of 2019. Because of these stellar results, the stock is up over 160% just this year.
It's been an amazing run for the company by any measure and many investors have benefitted. But what if you'd gotten in on the ground floor when the stock debuted in 2015? How much would you have made?
Source Fool.com
