If You Invested $1,000 in The Trade Desk IPO, Here's How Much You'd Have Today

Stock in The Trade Desk (NASDAQ: TTD) first went on sale to the public back on Sept. 21, 2016. The IPO was priced at $18 per share, and the stock closed at $30.10 a share on the first day of trading, up 67% in just a single session. The Trade Desk stock went on to generate massive returns over the next few years and is trading at around $233.40 as of this writing. It had previously touched an all-time high of $323.78 a share before the wider market turmoil of the past few months bumped it down.

So how much would an investor have if they invested $1,000 just after its IPO? An investor could have purchased 33 shares for $993.30, and that position would now be worth $7,702, yielding seven times the original investment, easily outperforming the S&P 500 index. For investors who bought the stock at its IPO price, this gain stands at an even more impressive 1,196% return.

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Source Fool.com