What was Home Depot's IPO price?

Given Home Depot's impressive business model, it should come as no surprise that its stock doesn't seem like an obvious bargain today. However, the company's price-to-earnings ratio does still sit slightly below the 24 times P/E ratio of the S&P 500. read more

The IPO price is misleading because there have been numerous adjustments for stock splits and dividends since then. On an adjusted basis, one share of Home Depot was worth approximately 2 cents on September 25th, 1981. read more

Home Depot conducted its IPO on September 22, 1981, trading at that time on the Nasdaq under the ticker symbol HOMD. Its shares entered the market at $12 per share, though Home Depot also conducted stock splits on nine separate occasions in the intervening years. read more

Home Depot went public on Sept. 22, 1981, two years after its first stores opened in Atlanta. The home-improvement retailer listed 600,000 shares at $12 per share to raise $7.2 million -- enough to build a handful of megastores in 1981. read more