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