Since its founding in 1964, Nike Inc has been a dominating player in the apparel and footwear industry. Here's how the company has fared since its initial public offering.
What Happened: In 1964, University of Oregon track and field coach Bill Bowerman and former student Phil Knight launched Nike as Blue Ribbon Sports.
In 1966, the company expanded swiftly by producing clothes and opening outlets. In 1972, the business released the first Nike shoe.
In 1978, Blue Ribbon Sports was renamed Nike Inc, which has been the company's name ever since.
Along the way, the firm achieved numerous milestones, including securing Michael Jordan to an endorsement deal and introducing the Air Jordan shoe. Nike has been a top-performing stock over the last 40 years thanks to other endorsements with athletes and businesses, as well as acquisitions.
Investing $1,000 In Nike IPO: Nike's initial public offering (IPO) took place in December 1980, with a $22 offering price.
At the time of the IPO, a $1,000 investment in Nike stock could have bought 45.45 shares.
Since its IPO, Nike has had seven stock splits, with two-for-one splits in January 1983, October 1990, October 1995, October 1996, April 2007, December 2012, and December 2015.
The number of Nike shares owned would have increased from 45.45 to 5,817.6 as a result of the stock splits.
Based on a price of $135.11 for Nike shares at the time of writing, the same 5,817.6 shares would be worth $786,015.94 today.
Over the previous 42 years, the $1,000 investment has grown by 78,501%, or $1,915 per year.