Walmart's 1970 IPO Returns Over $38M Due to Stock Splits

When Walmart went public in October 1970, it raised just $4.95 million by selling 300,000 shares for $16.50 each.

The company's stock has undergone 12 splits since its IPO, turning one share into 6,144 today.

This remarkable return makes Walmart the largest US IPO in terms of investment return, outpacing even the massive listing by SpaceX this June.

Walmart's history shows how stock splits can greatly increase a company's value over time, as seen with Coca-Cola and Nvidia.