What was the market value of amazoncom following its first


What was the market value of Amazon.com following its first day as a publicly held company?

Amazon.com issued an initial public offering in May 1997.

2025_d.jpg

Prior to its IPO, the following information on shares outstanding was listed in the final prospectus:

In the IPO, the firm issued 3,000,000 new shares. The initial price was $18.00/share with investment bankers retaining $1.26 as fees. The final first-day closing price was$23.50.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What was the market value of amazoncom following its first
Reference No:- TGS01513438

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)