Could Investing $10,000 in United Parcel Service (UPS) Stock Make You a Millionaire?

The courier services giant needs to overcome some tough near-term challenges.UPS (UPS +0.28%), one of the world's largest shipping companies, went public in November 1999 at 50pershare.Itwasvaluedat50 per share. It was valued at 60.2 billion, making it the largest U.S. IPO of the 20th century.UPS joined the S&P 500 in 2002, and its stock reached a record high of 192.88 in February 2022. A 10,000investmentinitsIPOwouldhavegrownto10,000 investment in its IPO would have grown to 38,576. That stable growth, along with its consistent dividend hikes, made it a reliable bl ...