Google filed for an IPO 15 years ago: Here’s how much you would have made if you would have invested in the company back then

By Shrey Pacheco | Published on Apr 29 2019
HIGHLIGHTS

Long story short: You would have made a LOT of money

When it first went public, Google's stocks were priced at \$85 each

On this day, 15 years ago, a relatively small, yet very popular internet search engine called Google filed for an IPO with the Securities and Exchange Commission. A few months later on August 19, 2004, the company went public at \$85 per share. According to Investopedia, interested buyers would have to purchase at least 12 shares at \$1020.

Saying that Google grew quite a bit in the 15 years since its went public would be a massive understatement. The company is worth billions and its co-founders, Larry Page and Sergey Brin are now billionaires. So what would have happened if you purchased a stock in Google back then?

Well, things would get a little complicated. A few years ago, when Google decided to change its name to Alphabet, it also decided to split its stock intro Class A and Class C stock. So anyone who had a single stock, would now have two stocks, each worth separately. The Class C stock’s (GOOG) previous closing as of today is \$1,263.45, while the previous closing of the Class A stock (GOOGL) was \$1,267.34. Add those together and you get \$2,530.79. But, you would have to have purchased 12 shares, so that amounts to \$30,369.48. Not bad for an \$1020 investment.

Hold on, we ain’t done yet with the calculations. According to the Reserve Bank of India, the average exchange rate for the dollar in FY 2004-2005 was just about Rs 45 to \$1. So to invest \$85 in 2004, you would have to spend about Rs 3,825, and for \$1020, you would invest approx Rs 45,900 in 2004, which could have netted you Rs 21,20,300 in 2019. That is an increase of 4619.39%

For a little bit of context, the launch price of the most expensive variant of the OnePlus 6T was Rs 45,999. Let that sink in for a bit. While you are doing that, please excuse us as we try and invent a way to time travel and invest in Google. Hey, if it worked in Back to the Future Part II, it should work everywhere.

Shrey Pacheco

Writer, gamer, and hater of public transport.

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