Happy Birthday, Mickey! Here’s how much a $1,000 investment in Disney’s IPO is worth – Walt Disney (NYSE:DIS)
media giant Walt Disney Co. SAY is one of the best known brands in the world. With ownership of Mickey Mouse, Pixar, Star Wars and Marvel characters, the company is one of the largest players in brand licensing and film and television content. Here’s a look at the company’s iconic character’s birthday and its IPO decades ago.
What happened: The Walt Disney Company was founded by brothers Roy and Walt Disney in 1923 and was previously known as Disney Brothers Cartoon Studio.
Over the years, the company has introduced its own brands, launched theme parks and acquired brands, while helping the company become a major player in several industries, including the streaming platform market.
Perhaps one of his best known characters, mickey mouse is part of the company’s legend and a big part of licensing, content and theme parks. Mickey Mouse was first introduced to the world on November 18, 1928, in a short film called “Steamboat Willie”.
Its image has changed slightly over the years, but the legend of the mouse lives on.
In 2022, Mickey Mouse turns 94 and is celebrated with a new special “Mickey: The Story of a Mouse” available exclusively on the Disney streaming platform Disney+.
Fans of Disney and its theme parks know that there are over 1,000 Hidden Mickeys hidden in Disney World Florida. One of the unique Hidden Mickeys only happens once a year on his birthday when a Mickey logo appears at noon as the sun hits a certain spot in the queue “Under the Sea – Journey of the Little Mermaid”.
The success of Mickey Mouse and the company’s theme parks has helped drive the stock higher over the years.
Related Link: The Happiest Place on Earth If You Can Afford It: Disney Theme Park Tickets Will Now Cost You Even More
Investing $1,000 in the IPO: Disney went public on November 12, 1957, with Goldman Sachs lead the offer. Disney was previously over-the-counter and known as Walt Disney Productions with an offering in 1940.
Disney shares were priced at $13.88 at the time of the 1957 IPO. A $1,000 investment could have bought 72.05 shares at the time.
Over the years, Disney has done many stock splits. The original investment of 72.05 shares would be 28,896.18 shares today after the stock splits.
The $1,000 investment would be worth $2,635,042.65 today, turning Disney IPO investors into millionaires if they kept the investment for the past 65 years.
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