If You Invested $1,000 in Dexcom's IPO, This Is How Much Money You'd Have Now
Dexcom (NASDAQ: DXCM) went public on April 14, 2005. The stock opened at $12.08 a share. At that price, an investment of $1,000 would have gotten you 82 shares.
That investment would have been a leap of faith, as the company had no revenues at that point. But in a year, Dexcom would release its first commercial product, the STS Continuous Glucose Monitoring System. It consisted of a tiny device inserted under the skin of a diabetes patient. Dexcom's system provided real-time glucose measurements, alerting the user if their blood sugar levels were too high or too low.
Image source: Getty Images
Source Fool.com
