If You’d Invested $10,000 in Chipotle’s IPO, This Is How Much Money You’d Have Now
It has now been more than 15 years since McDonald’s(NYSE:MCD) spun off Chipotle Mexican Grill(NYSE:CMG). The fast-casual chain, with its speedy assembly-line approach and a “food with integrity” mantra that seemed ages ahead of its time, was a savory IPO.
Chipotle went public at $22 in January 2006, and its share price doubled by the end of its first day of trading. That was the first time in more than five years that a U.S.-based debutante had at least doubled on its first day. The chain had fewer…
