Amazon Was Founded 29 Years Ago Today: If You Invested $1,000 In Amazon Stock At IPO In 1997, Here's How Much You'd Have Now
Portfolio Pulse from Chris Katje
Amazon.com, Inc. (NASDAQ:AMZN) was founded 29 years ago. If an investor had bought $1,000 worth of Amazon shares at the time of its IPO in 1997, they would now be worth $1,731,605.18. The company has grown through new product offerings such as Amazon Prime Video and Amazon Web Services, and through acquisitions like Alexa, Audible, Twitch, Whole Foods, Pill Pack, and MGM.
July 05, 2023 | 6:54 pm
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Amazon's stock has shown significant growth since its IPO in 1997. The company's expansion through new product offerings and acquisitions has contributed to this growth.
The news highlights the significant growth of Amazon's stock since its IPO in 1997. This growth is attributed to the company's expansion through new product offerings and acquisitions, which have increased its market value and, consequently, its stock price.
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