Acquired · Monday, September 14, 2026
Home Depot's 1981 IPO, aiming to raise $6 million and valuing the company at $32 million, was considered a bold move given its four-store status. This relatively small market cap allowed early investors to achieve extraordinary returns, with a $2 million investment potentially yielding over 50,000x by today, highlighting the company's underestimated potential at the time.
“So the IPO gets done. They end up raising a little bit more than $3 million. They raise $4 million in total in the IPO at a $32 million initial market capitalization post-offering.”
“Which this, listeners, is part of the reason why it's a better investment than Apple since IPO and, you know, since many other companies.”
“It went public at a tiny, tiny market cap.”