GooGle Stock Goes from $110 to $500 in 3 years
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This week it has been about 3 years to the day that GooGle was released on the stock market. If you remember it was hugely reported that GooGle had quite possible produced the largest amount of overnight millionaires ever. The reason this happened was because GooGle had given its starting employees stock in the company instead of paying them ridiculous amounts of money. This has paid off for them hugely with employees that are loyal and innovative.
If you didn’t know they even hired the lady who rented out her garage to them to get them started up with a premises.
Now when GooGle relased it’s stock it had to do it in a different way than every other tech company releasing its IPO (initial public offering), the did a reverse bid auction type thing. Im not too sure how it worked out, but instead of releasing their stock at a price of $90 and flooding the market with stocks, they had potential buyers bid for the stock.
I believe the inital price that it was released at was $110, at the time of this post today GooGle is worth $486 a share. It’s 52 week high was $558.
The pace at which GooGle has moved is amazing, and the great thing is they have never stopped, they are always pushing the envelopes with new ideas and innovating older ones. Their adsense program is hugely robust, it started out with just text ads, and today we have image, video, and even CPA ads with Google.
Here is a screenshot of their amazing Growth:
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Know of any companies doing better??
3 Comments on this post
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Money BLVD said:
Hey Mubin, I’ve been reading your blog for a while now and I have noticed that every time you mention Google you spell it as GooGle. My question was, is there a reason for that? Off-topic, I know, but I was just interested.
-Mike
MoneyBLVD.comAugust 16th, 2007 at 7:56 pm -
kevin said:
Hi,
And the best part with the market down this last couple of weeks, you should be filling your boots with as many as you can afford.
Keep smiling
Kevin
UKAugust 17th, 2007 at 4:55 am -
cooliojones said:
It actually started at around $86 for the IPO. But it’s still impressive to see how much it has grown. If you bought 10k shares of stock, you’d have made $4.1M in profit.
Sweet!
My New Hustle | Make Money Online
Be the man, stop working for him.August 19th, 2007 at 12:42 am

