If You Invested $1,000 in Mastercard's IPO, This Is How Much Money You'd Have Now
Achieving market-beating investing results requires buying great companies and holding for the long term. Getting in on an initial public offering (IPO) gives investors the chance to get into a stock on the ground floor. Mastercard (NYSE: MA), a global payments processor, is a textbook example of how buy-and-hold can lead to outsized investor returns.
Let's look back at its go-public financials and find out how much Mastercard's IPO investors have benefited by holding its stock.
When this global payments processor filed its paperwork to go public in May 2006, its little plastic cards were already accepted in 24 million locations worldwide. Its financial stats for the prior two years were pretty amazing, too.
Source Fool.com
