In August 1995 the web browser company Netscape Communications went public in an offering whose share price more than doubled on the first day of trading, despite the company not yet being profitable. The offering is widely credited by business historians as the event that helped ignite the broader internet investment boom of the late 1990s.
Facts
Event TypeInitial public offering 1 Cross-Tradition Connections
Associated With
The Netscape August 1995 initial public offering, whose first-day share price surge is widely credited with igniting the dot-com era, is a finance-practice case study in speculative IPO pricing.
Sources
1. Wikipedia, Netscape
WikipediaInitial public offering (IPO) sectionQuote, Initial public offering (IPO) section
On August 9, 1995, Netscape made an extremely successful IPO, only sixteen months after the company was formed.
1. Wikipedia, Netscape
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