If You'd Invested $10,000 in Chipotle's IPO, This Is How Much Money You'd Have Now
It has now been more than 15 years since McDonald's (NYSE: MCD) spun off Chipotle Mexican Grill (NYSE: CMG). The fast-casual chain, with its speedy assembly-line approach and a "food with integrity" mantra that seemed ages ahead of its time, was a savory IPO.
Chipotle went public at $22 in January 2006, and its share price doubled by the end of its first day of trading. That was the first time in more than five years that a U.S.-based debutante had at least doubled on its first day. The chain had fewer than 500 restaurants at the time, but the fast-growing concept was winning fans rapidly with its signature burritos.
The chain has been through a lot since then, but if you were lucky enough to get in on Chipotle's IPO and you held on, a lot has probably happened for you too.
Source Fool.com
