If You Bought 1 Share of American Express at Its IPO, Here's How Many Shares You Would Own Now
American Express (NYSE: AXP) was founded in 1850 and was initially a shipping company transporting items across the United States with horse-drawn wagons. Given its long history, Amex is a relatively new company to the public markets, completing its initial public offering (IPO) in May 1977. Since that time, the business has evolved dramatically, and so has its stock -- both in terms of splits and performance.
Since its IPO, American Express has split its stock four times. The first one (in 1983) was a 4-for-3 split, and fractional shares weren't really a thing back then, but for the sake of this article, we'll assume it was possible. So, here's the stock split history and what it would mean if you had bought one share at the IPO:
Year
Source Fool.com
