Nike IPO

About Nike IPO

Nike went public on December 2, 1980 at 22 per share. The company, originally called Blue Ribbon Sports, was founded by Phil Knight and Bill Bowerman in 1964. Nike revolutionized athletic footwear with innovations like the waffle sole and Air technology. The Nike swoosh, designed by a student for 35 dollars, became one of the most recognized logos in the world. Nike stock has split twelve times since the IPO. A 1,000 dollar investment at IPO would be worth over 3 million dollars today. Nike became the dominant sports brand globally through endorsements with Michael Jordan and other athletes.