Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

If You Invested $2,000 in Confluent in 2021, This Is How Much You Would Have Today

TheMotleyFool

0 0

If You Invested $2,000 in Confluent in 2021, This Is How Much You Would Have Today: https://g.foolcdn.com/editorial/images/726293/cloud-smartphone-user.jpg

Prior to being acquired by Microsoft in 2016, LinkedIn spun off its cloud software division, Confluent (NASDAQ: CFLT), in 2014. On June 24, 2021, Confluent went public at $36, and its stock opened at $44 and soared to an all-time high of $93.60 on Nov. 5, 2021. Today, Confluent only trades at about $23.

If you had invested a modest $2,000 in Confluent's initial public offering (IPO), your investment would have blossomed to $5,200 before withering to about $1,278. Let's see why Confluent's stock initially skyrocketed, why it plummeted, and where it might be headed this year.

Image source: Getty Images.

Source Fool.com

Like: 0

CFLT

Share