Nearly seven years ago, Warren Buffett, who is one of the world¡¯s most successful and admired billionaire investors, had admitted that not investing in Sundar Pichai¡¯s Google has been a mistake which he regrets. The billionaire did not invest in Google¡¯s IPO despite him being the reason why Larry page and Sergey Brin decided to go ahead with the tech giant¡¯s IPO.
But what about those who invested in the tech giant¡¯s IPO about two decades ago? How much richer would those investors have become till now? Lets unfold this for you.
Google had launched its IPO two decades ago, on August 19th 2004. The company had gone public at a share price of $85, selling 22.5 million shares and raising over $1.9 billion through 2004¡¯s IPO.
Nearly 20 years after its IPO, Google (listed as its parent company Alphabet)¡¯s share price at present is $144.93 on NASDAQ.?Comparing this to its IPO share price of $85, Google¡¯s stock has jumped 70% to $144.9 at present.
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If you had invested, say Rs 10,000 in Google¡¯s IPO in 2004, at the share price of $85, your Rs 10,000 (which would have bought you approx 117 shares) would have today become Rs 17,040 ( 117 shares multiplied by current share price of $144.9).
If you had invested, for example, Rs 1 lakh in Google IPO, your money would have turned into Rs 1.7 lakh.?
Before Google's IPO launched in 2004, its co-founders Sergey Brin and Larry Page were hesitant to go public as they feared that sharing control of the company with shareholders would force them to do things they didn't want to do.?
But all it took was a chance meeting with Warren Buffett to change Google co-founder¡¯s minds. Click here to know more about the story.
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