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Key Facts About Nike and Apple IPOs
In December 1980, both Nike (NYSE: NKE) and Apple (NASDAQ: AAPL) went public within ten days of each other. Over the next 40 years, Nike’s shares initially outperformed Apple’s. However, Apple has dramatically reversed this trend in the past five years.
As of November 14, Apple’s split-adjusted IPO price of $0.10 per share has resulted in a return of 272,310%, turning an initial $1,000 investment into approximately $2,724,100. In contrast, Nike’s split-adjusted IPO price of $0.18 per share returned 35,550%, equivalent to about $356,500 for the same initial investment.
Last year, Apple paid out $15.2 billion in dividends, while Nike paid $2.17 billion. Investors in Apple would receive quarterly dividends of about $2,600 from their initial stake, compared to approximately $2,200 from Nike’s shares.
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