SHOP - Forget Shopify: This Investment Has Made Far More Millionaires
2023-11-29 09:45:00 ET
Shopify 's (NYSE: SHOP) stock journey over the past few years has mirrored the journeys of many other big-name, younger tech companies. From March 2020 to November 2021, it increased over 380%. In the next 12 months, it lost more than 75% of its value, and now it's up over 97% so far in 2023.
Regardless of the roller-coaster ride, there's no doubt that Shopify has made some millionaires along the way. A $40,000 investment in Shopify at its May 2015 initial public offering (IPO) would be worth just under $1.1 million today.
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Forget Shopify: This Investment Has Made Far More Millionaires