CFLT - If You Invested $2000 in Confluent in 2021 This Is How Much You Would Have Today
2023-03-31 05:05:00 ET
Prior to being acquired by Microsoft in 2016, LinkedIn spun off its cloud software division, Confluent (NASDAQ: CFLT) , in 2014. On June 24, 2021, Confluent went public at $36, and its stock opened at $44 and soared to an all-time high of $93.60 on Nov. 5, 2021. Today, Confluent only trades at about $23.
If you had invested a modest $2,000 in Confluent's initial public offering (IPO), your investment would have blossomed to $5,200 before withering to about $1,278. Let's see why Confluent's stock initially skyrocketed, why it plummeted, and where it might be headed this year.
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If You Invested $2,000 in Confluent in 2021, This Is How Much You Would Have Today