(Answered) What was the market value of amazoncom following its first

Finance

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.

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.

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