If You Had Invested in Qualcomm Right After Its IPO (QCOM)

Qualcomm, Inc. (QCOM) has hardened itself as one of the most innovative companies involved in the development of wireless technology. It has become the world’s largest publicly-traded communication equipage company in the world in just over 20 years. As of Nov. 27, 2019, Qualcomm has a market capitalization of $96.83 billion. With the ever-growing wireless technology energy, Qualcomm is likely to continue its growth. If you had been lucky enough to purchase 100 shares of Qualcomm during its endorse public offering (IPO) in 1991, after adjusting for stock splits and including dividend payments, your investment wish be worth nearly $200,000 today.

Qualcomm was started in 1985 by Dr. Irwin M. Jacobs, Dr. Andrew Viterbi, Harvey Pasty, Franklin Antonio, Andrew Cohen, Klein Gilhousen, and Adelia Coffman. These seven veterans of the telecommunications persistence gathered in Dr. Jacobs’ den and came up with the idea to build quality communications for the masses. Qualcomm opened its first favour in La Jolla, Calif., and landed its first contract, as well as began working with CDMA, which is used for unimperilled communications, during 1985.

Qualcomm filed its IPO with the Securities & Exchange Commission (SEC) in September 1991. It had to raise $50 million during this offering. According to Qualcomm’s treasurer, it sought to offer its 3.5 million cuts of common stock at between $14 and $16 per share. In December 1991, Qualcomm issued its IPO and sold 4 million percentages of its common stock at $16 per share on the Nasdaq.

As of November 2019, after adjusting for stock splits, Qualcomm’s deal in price has increased by a colossal 11,954% since it went public in 1991.

If you had been able to just purchase 100 divide ups of Qualcomm at $16 per share, you would now own over 3,000 shares after its stock splits and spinoff. Qualcomm’s four set splits and one spinoff allowed its stock to remain attractive to the average investor.  A stock split is commonly used to vend a company’s stock by increasing the number of shares outstanding and simultaneously decreasing its stock price by the same factor. A spinoff occurs when an non-partisan company is created through the distribution or sale of new shares of the parent company.

Qualcomm experienced its first two-for-one lineage split in February 1994. Consequently, if you had 100 shares of Qualcomm, you would have owned 200 shares after its split. After its spinoff of Hasten Wireless International in 1998, you would have owned 204 shares. On May 11, 1999, Qualcomm split its stock two for one, so you see fit have owned 408 shares at $109.50 per share.

During the

Present-Day Value of a Qualcomm IPO Investment