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Amazon stock was priced at $18 at IPO, but split-adjusted, the price for that first share would be $0.075. If you had bought one share at IPO, you'd have 240 shares today. Those shares would be ...
eGain: Its stock price doubled shortly after its 1999 IPO. Egghead Software: An online software retailer, its shares surged in 1998 as investors bought up shares of Internet companies; by 2001, the company was bankrupt. eToys.com: An online toy retailer whose stock price hit a high of $84.35 per share in October 1999. In February 2001, it filed ...
The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
Science & Tech. Shopping. Sports
All told, one share of Amazon purchased right at its IPO would be 240 shares today. On a split-adjusted basis, its IPO price of $18.00 per share has been pared down to only $0.075.
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.
The Department of Justice files suit against Apple Inc and five major publishing houses (the "Big Five"), alleging that they colluded in 2010 to raise the price of ebooks (using the agency pricing model that gives publishers full control over ebook prices). [124] Amazon had originally set the price of ebooks at $9.99 (using the wholesale ...
Image source: Getty Images. A long-term holding. If you'd bought $10,000 worth of Amazon stock 10 years ago, today your investment would be worth more than $114,690.
