Here's how rich you would be if you invested $1,000 in Netflix when it first went public 15 years ago

Netflix marks its 15th anniversary as a publicly traded company on May 23, and, despite some twists and turns, it’s turned out to be an enormously successful venture.

An investment of $US1,000 at the stock’s closing price on May 23, 2002, the day of the company’s initial public offering, was worth about $US131,900 as of 10:20 AM ET on May 23, 2017.

Of course, buying and holding Netflix for the last 15 years would have been a harrowing experience at times. The stock lost nearly 80% of its value between July and November 2011 in the wake of an unpopular subscription fee hike and an ill-fated plan to split up the company’s DVD and streaming services.

Hindsight shows us that this was, in the end, only a temporary setback. The stock has exploded in recent years, powered by robust subscriber growth and a huge investment in original content.

Here’s how the value of $US1,000 invested on Netflix’s IPO day would have changed in the last 15 years:

NOW WATCH: A psychologist debunks the claim that fidget spinners help kids focus

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.