From MercuryNews: Google stock hits $500
The Mountain View Internet company’s high-flying stock topped $500 per share for the first time today, rising $9.03 to $504.08 as of 8:46 a.m.
An investor who bought 10 shares of stock in the company’s August 2004 Dutch auction-style initial public offering would have turned his $850 into $5,040.80, a return of 493 percent on paper.
Just wow. I thought they would hit this mark before end of the year and they did. When they were going for IPO, I was actually interested in buying a couple dozen of ’em. That time, it started around $80 apiece.
But alas, it all can only be wishful thinking. :D
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