![]() Putting him on path to become the world’s richest person. Of course one investor who has been there during the entire history of Amazon stock is Jeff Bezos. One thousand dollars invested at the closing price on Amazon's IPO day would be worth over nearly half a million dollars 20 years later. That's 490 times its split-adjusted stock price.įew investors could have foreseen that it would gain about 50,000% in the two decades after its initial public offering. On the 20th anniversary of the IPO Amazon stock closed at $961.35, giving the company a market value of about $466.2 billion. But each time Amazon bounced back, hitting all all time highs and continues on its seemingly unstoppable rise. In 2016, the stock price again had some significant drops during the year due to disappointing earnings results. Despite a positive growth period, Amazon stock had another blip during the 2008 crash, losing 60% year over year. Despite recovering in the next few years and getting back to a stock price of over $50 the stock crashed back again down to $26.07 in 2006. The stock suffered a 94% drop after the $106.69 high in December 1999, crashing to a low of $5.97 in January 2001. Amazon stock first broke $100 dollars in 1999 but after the the tech bubble burst the stock price did not reach triple figures again until 10 years later. There was one more stock split for Amazon stock that year, as 2-1 stock split on September 2nd.Īlthough Amazon is a juggernaut of a stock now. Amazon’s next stock split was a 3-1 split on January 5th, 1999. When it comes to Amazon’s stock split history, the first stock split occurred on the 2nd of June 1998. Taking the split-adjusted close of $1.96, the stock price has multiplied almost 500 times since. On IPO day the stock price rose and closed at $23.50 putting the company at a value of $560 million. Amazon IPO’d on May 15, 1997, trading on the NASDAQ under the symbol of AMZN at a price of $18 a share.
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