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What was the market value of amazon dot com

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Reference no: EM131129056

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.

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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.

Reference no: EM131129056

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