Google Went Public 9 Years Ago and Now is Worth 10 Times More
The internet search engine, Google (GOOG), debuted at $85 per share on August 19, 2004 and now each share is worth 10 times more ($865, 65).
Google has reached nine years of listing on the stock market exchange, in which accumulated an impressive exceeding 900% rise since its debut on Wall Street. Today, it closed scoring gains higher percentage points on the Nasdaq market.
Two hours to the close of the session on the electronic Nasdaq market, where they listed some major technology companies in the world, shares of Google gained 1.44% or 12.33 dollars to be exchanged for 869,24 dollars each share, with which have advanced the 922% stock market career.
The internet search engine debuted to 85 dollars per share on 19 August 2004, in the midst of a huge expectation that caused their titles fired 18% on their first day of contributions and the firm accumulated a total of 1,670 million with its initial public offering of shares (IPO).
ON THE RISE
Google company reached a market capitalization of 28 million, very far from the nearly 290,000 million that has today, and does not seem that that figure will stop ascending, as analysts foresee as Colin Sebastian, Robert W. Baird, who believes that the firm will be driven in the second quarter by “multiple winds in favor”.
Shares of GOOG closed in May passed above 900 dollars for the first time in their history thanks to the launch of a new musical reproduction under the subscription service and its value in bag then reached 300 millions, although they did not reach to Apple, which is round the 465,000.