On May 15, 1997, Amazon, then an online bookstore, went public.
The company’s stock has seen a stunning 36% compounded annual gain since then.
Amazon closed at $961.35 on Friday, giving the company a market value of about $466.2 billion. That’s 490 times its split-adjusted stock price close at $1.96 on day one.
Amazon has earned fortunes for its most disciplined shareholders and its founder, Jeff Bezos, who in March became the world’s second-richest person, overtaking Berkshire Hathaway CEO Warren Buffett and retail tycoon Amancio Ortega.