5 IPOs That Turned $10,000 Into $1 Million

Patient investors eventually enjoyed hundred-fold returns

     

Cash 300x227 5 IPOs That Turned $10,000 Into $1 Million It’s hard to turn $10,000 into $1 million, but if you’re looking, one of the best places to find such an opportunity is the IPO market, where investors can get a chance to buy a company’s stock in its early years.

It takes time — maybe a decade or more — but these magic multipliers happen. And besides, aren’t hundred-fold returns worth the wait?

Many optimistic investors hope Facebook might be the next 100x darling. Whether it will remains to be seen, but we might get a better idea by examining other former IPO breakouts.

When looking at past examples of IPOs that hit the “Franklin multiple,” you see some interesting themes. The companies started with a focus on a core market, but they continued to fuel breakout growth — revenues ramps often hit 100%-plus year-over-year — through both innovation and entering new categories and markets.

The following five IPOs mostly fit the mold — with their own unique twists — and eventually turned $10,000 investments into $1 million:

 
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