The Google search engine was launched in 1998 by founders Sergey Brin and Larry Page. Google is a subsidiary of Alphabet Inc. and is the most used search engine around the world. Nearly 70% of internet consumers use Google to punch in their queries and is a behemoth in the space. No other competitors have come close to toppling its dominance over two and a half-long decades. The first IPO stock of Google (GOOGL) was launched 20 years ago during the same month of August.
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The stock splits gave investors an additional 1,998 shares for every 1,000 they owned. Just recently in 2022, the stock splits gave a 20-for-1 ratio for investors making their holding rise further.
Google’s IPO starting price was $85 and reached $100 on its debut day in the US stock markets. However, the stocks have experienced multiple splits over the years making it affordable for every generation to trade it. In this article, we will highlight how much you could have earned today if you had invested a mere $1,000 in Google stock during its IPO.
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An Investment of $1,000 in Google Stock During IPO Is Worth This Much Now
Google stocks have significantly surged over 20 years and are among the most sought-after assets in the market. The technology giant has always stayed ahead of the curve giving their competitors a run for their money. Be it the search engine, email services, cloud computing, and AI, among others, they’ve delivered the best in the markets.
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After multiple splits, Google’s stock price reached $168.96 on Tuesday’s closing bell. In the last five years alone, its price has surged 194% in value delivering massive profits to traders.
In conclusion, if you had invested $1,000 in Google’s IPO 20 years ago, your returns could have been nearly $375,000 today.
