Don't forget to get to know all the Imposters cast members during the premiere February 7 at 10/9c. Related Content 7 Things We Learned from the First 12 Minutes of Imposters
Back when the company had its IPO in 1997, Amazon was pretty much just an online bookstore. The company sold its shares for just $18 to raise $54 million at a valuation of $438 million. Today, it takes Amazon about two days to raise that much cash (based on its 2016 free cash flow). If you had been able to buy $2,000 of Amazon's IPO and held on to it for the past 20 years, you'd be sitting on about $1,136,000 in Amazon stock today. That's a return of 56,821%, or an average of around 37% annually.
Amazon's market cap has risen past Walmart's in after-hours trading Thursday after it posted earnings that topped estimates. On Thursday afternoon, Amazon's shares were up nearly 17% as of 4:30p.m. EST to $563 per share from $482 at the market close. The boost put the e-commerce giant ahead of Walmart (wmt) by market cap: Amazon's market cap stands at approximately $250 billion versus Walmart's at around $230 billion, according to Quartz. Amazon (amzn) posted profit during the second quarter of 19 cents a share on $23.18 billion in revenue, according to CNBC.