# NVIDIA — Capital Time Machine

Explore NVIDIA’s 1999 IPO at $12 per original share, adjusted for six subsequent splits. Enter a public share price and date for a clearly labeled hypothetical outcome.

Canonical citation: https://capitaltimemachine.com/private/nvidia

Dataset revision: ctm-research-2026-10-01; evidence register reviewed: 2026-09-19. Each observation retains its own check date.

Publisher: CapitalTimeMachine. Methodology: https://capitaltimemachine.com/methodology



## What this supports

The public IPO calculator uses the documented $12 offering price and a 480-for-1 cumulative split factor. You supply the ending price; it is not verified or fetched by CTM. A pre-IPO entry is still unverified.

## Limitations

- Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.

- Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.

- IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.

- User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.

- Selected surviving companies are not representative of private-market outcomes; investments may lose all value.

## Sourced observations

### NVDA-OFFER — 1999 IPO milestone

Value: 12.00 USD; scope: public_offer_price_per_share

Date: 1999-01-22; precision: day; role: ipo_date; actual investment date: not established

Security: Common; share basis: undefined

Verification: primary_verified; checked: 2026-09-17

Original 1999 share units. This single endpoint cannot establish a pre-IPO investment return; later stock splits must not be mixed with it.

Source: [NVIDIA Investor Relations — Investor FAQs: initial public offering](https://investor.nvidia.com/investor-resources/faqs/default.aspx)

Source location: When was NVIDIA’s initial public offering and what was the opening price?

Citation: https://capitaltimemachine.com/private/nvidia#NVDA-OFFER

## Calculation options

{
  "early_stage_assumptions": null,
  "ipo_offer_models": [],
  "valuation_comparisons": [],
  "user_entered_private_prices": false,
  "entered_public_price_review": null,
  "public_ipo": {
    "ipo": {
      "price": "12",
      "date": "1999-01-22",
      "source": "https://investor.nvidia.com/investor-resources/faqs/default.aspx"
    },
    "splits": [
      {
        "date": "2000-06-26",
        "factor": "2",
        "label": "2 for 1",
        "source": "https://www.sec.gov/Archives/edgar/data/1045810/000101287001500492/0001012870-01-500492.txt"
      },
      {
        "date": "2001-09-17",
        "factor": "2",
        "label": "2 for 1",
        "source": "https://www.sec.gov/Archives/edgar/data/1045810/000101287002002262/d10k.htm"
      },
      {
        "date": "2006-04-06",
        "factor": "2",
        "label": "2 for 1",
        "source": "https://www.sec.gov/Archives/edgar/data/1045810/000104581009000013/fy2009form10k.htm"
      },
      {
        "date": "2007-09-10",
        "factor": "1.5",
        "label": "3 for 2",
        "source": "https://www.sec.gov/Archives/edgar/data/1045810/000104581009000013/fy2009form10k.htm"
      },
      {
        "date": "2021-07-19",
        "factor": "4",
        "label": "4 for 1",
        "source": "https://www.sec.gov/Archives/edgar/data/1045810/000104581022000036/nvda-20220130.htm"
      },
      {
        "date": "2024-06-07",
        "factor": "10",
        "label": "10 for 1",
        "source": "https://investor.nvidia.com/files/doc_downloads/2024/06/nvidia-2024-stock-split_faq_investors.pdf"
      }
    ],
    "share_basis_reviewed_through": "2026-09-19"
  }
}

## Reuse and corrections

Link to the company page and original evidence, retain dates, units and limitations. Third-party source terms remain applicable; no new license to third-party material is granted. https://capitaltimemachine.com/terms

Corrections: mailto:capitaltimemachine@gmail.com