Friday, February 21, 2020

Domino's rivals Alphabet, Salesforce in IPO class of 2004

Domino’s Pizza Inc. might as well be a technology company, judging by its stock performance. Shares of the restaurant owner returned 5,370% from their debut in July 2004 through Thursday, according to data compiled by Bloomberg. The total return, reflecting price changes and dividends, surged Thursday when the stock rose by a record 26% in response to fourth-quarter results. Domino’s delivered more for investors than Alphabet Inc., Google’s owner, which went public about five weeks later -- and approached the return on Inc., a business-software maker that debuted three weeks earlier.

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