Gmail Turns 20: If You Invested $1000 When Google Went Public 20 Years Ago, Here's How Much You'd Have - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL) (2024)

FAQs

What was Google's stock price when it went public? ›

On August 19, 2004, Google became a public company via an initial public offering. At that time Page, Brin and Schmidt agreed to work together at Google for 20 years, until the year 2024. The company offered 19,605,052 shares at a price of $85 per share.

Stock Prediction 2030. In 2030, the Alphabet Inc. stock will reach $ 508.98 if it maintains its current 10-year average growth rate. If this Alphabet Inc. stock prediction for 2030 materializes, GOOG stock will grow 192.91% from its current price.

Google parent Alphabet recently declared its first dividend, 20 cents payable on June 17.

Alphabet was originally founded as a search engine company in 1998 under the name Google Inc. Google went public through an initial public offering (IPO) in 2004, issuing shares of Class A common stock on the Nasdaq Global Select Market under the symbol "GOOG". The company then split its stock in 2014.

Its stock price today is $150.93, which is an increase of 5,911% during this period. If you had invested $1,000 in Google stock on Aug. 19, 2004, today, you would have $60,107.

The $5,000 per share thesis is somewhat dependent on there not being an economic slowdown anytime soon – although given that many observers predict an economic boost from the recovery of the coronavirus crisis, this possibility remains unlikely.

Alphabet is also cash rich. The company has generated cash flow growth of 15.1%, and is expected to report cash flow expansion of 16.7% in 2024. Investors should take the time to consider GOOGL for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Should I buy Class A or C shares? ›

Investors generally should consider Class A shares (the initial sales charge alternative) if they expect to hold the investment over the long term. Class C shares (the level sales charge alternative) should generally be considered for shorter-term holding periods.

While Google is widely known for its success, investors should exercise caution when purchasing its stock. It's important to note that Google doesn't pay shareholders dividends to its investors.

Price and voting rights are the only differences between GOOG and GOOGL shares of Google. Normally shares that have voting rights are more valuable than shares without voting rights. However in the case of Google stock the non-voting shares currently cost more per share.

Google is owned by a parent holding company, Alphabet.

GOOG shares are Class C shares that confer no voting rights. Because of their voting rights, A shares may trade at a premium to C shares; however, in reality, the prices of the two are often quite close to one another.

As our chart shows, an initial investment of $1,000 at the IPO price of $85 would now be worth more than $65,000. A $5,000-investment is now worth more than $300k and anyone lucky enough to bet a little more than $15,000 on Google in 2004 is now sitting on $1 million worth of Alphabet shares.

Amid a near-collapse of the financial system in 2008, Google stock ended the year at just under $154 per share. It had started 2008 at a split-adjusted price of $346 per share, and had reached a high of almost $374 per share in November 2007.

Google stock price stood at $173.69

According to the latest long-term forecast, Google price will hit $200 by the middle of 2024 and then $300 by the end of 2026. Google will rise to $350 within the year of 2027, $400 in 2029, $450 in 2030 and $500 in 2032.