11 years ago the opportunity of a lifetime struck when Google did their initial public offering, also known as an IPO. It’s amazing to think of how much has changed in that time.
Back on August 19th, 2004, Sergey Brin, Larry Page and Eric Schmidt agreed to work together at Google for the next 20 years. That would take them until 2024. Now, here is where it gets good. The company then offered 19,605,052 shares of stock at the unbelievable price of only $85 per share.
I remember the day well, because I had just moved back to Chicago and was completely in debt with no liquid funds to use for investing. I was crushed, because having worked with Google AdWords I was very familiar with their main source of revenue and was sure that the stock was well under valued. I was right.
I do remember reading some articles where authors for very reputable companies called the stock “a sucker”. I couldn’t believe it. These were people who obviously had no idea of the strength of AdWords. Boy, were they wrong.
Today, Google stock is up 1,500%!
Thanks to the capitalization, Google is now the worlds second largest company right behind Apple.
I remember the day Google hit $300 a share and investors said that was way too high. Being in the Internet Marketing business and doing a heavy amount of Google AdWords Management I knew that their platform was far superior to anything else available, and that the stock would surely continue to rise accordingly. I was right.
Don’t you wish you bought in at $85 a share? Hey, I’ll bet you wish you bought in at $300 a share. I do.