If you bought Starbucks stock at the IPO, here’s how many shares you’d own now

Starbucks (SBUX -0.45%) went public in 1992 at an IPO price of $17 per share. At the time of this writing, the price per share of Starbucks stock is around $93, so it might look like IPO investors have a 450% gain in about 32 years.

However, this does not tell the whole story. Starbucks stock has split several times over the past three decades, and you might be surprised at the long-term returns patient investors can get.

Starbucks Stock Split History

Since going public, Starbucks has split its stock six times — all on a 2-for-1 basis. Here’s the timeline and what it would mean if you bought a share of Starbucks at the time of the IPO:

Data source: Starbucks Investor Relations page.

So if you had bought a share of Starbucks at the time of the IPO, you would have 64 shares today.

How much would your IPO share be worth today?

Let’s take a closer look at what that would mean. If you had invested $17 in a Starbucks share at the IPO, you would now have 64 shares of the stock, each worth about $93. So your initial investment of $17 would have grown to $5,952. Even when you factor in the trading fee you probably had to pay back then, that’s a phenomenal return.

If you had invested $1,000 in the Starbucks IPO, that means you’d have an investment of over $350,000 in 2024. And that’s not even including the effects of dividend reinvestment along the way.