What was the market value of Amazon.com following its first day as a publicly held company? Amazon.com
Question:
Amazon.com issued an initial public offering in May 1997.
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.
Transcribed Image Text:
Percentage of Shares Outstanding After Number of Shares Beneficially Owned 9,885,000 Prior to Offering 7,5% Name and Address Offering Jeffrey P. Bezos 41.4% c/o Amazon.com, Inc. 1518 Second Avenue, 4th Floor Seattle, WA 98101 L. John Doerr 3,401,376 16.4 14.3 Kleiner Perkins Caufield & Byers 4 Embarcadero Center, Suite 3520 San Francisco, CA 94111 Tom A. Alberg Scott D. Cook Patricia Q. Stonesifer All directors and executive officers as a group (14 persons) Total shares outstanding 195,000 75,000 75,000 15,688,925 20,858,702 72.5 100.0 83.5
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Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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