Amazon's 1997 public offering...
Money and Finance

Amazon's 1997 public offering...


After reading THIS post about a NY Times article on Apple and Oracle from 1997, I did a search on the NY Times site for some other articles around that time. I found the short article pasted below interesting. I may be going out on a limb, but I think things have progressed fairly nicely for Amazon since that offering.
Amazon.com Inc.'s newly public stock began trading yesterday nearly $12 higher than its offering price as investors chased after one of the hottest offerings this year. Amazon.com stock was priced Wednesday night at $18 a share and it opened yesterday at $29.15 on the Nasdaq stock market. After climbing as high as $30 a share, it retreated and finished at $23.50, up 30.5 percent. Amazon.com, an Internet bookseller, has said that it sold $16 million worth of books in 1996 to 180,000 customers in 100 countries. Average daily visits to the company's Web site rose to 50,000 in December 1996 from 2,200 in December 1995. 





- Amazon: Relentless.com
Link to article: Relentless.com At 20 Amazon is bulking up. It is not—yet—slowing down HIGH-TECH creation myths are expected to start with a garage. Amazon, impatient with ordinary from the outset, began with a road trip. In the summer of 1994 Jeff...

- Amazon Is Going To Do To Enterprise Cloud Companies Exactly What It Did To Book Stores
“I find it really hard to believe that we cannot collectively beat a company that sells books,” said Carl Eschenbach, the chief operating officer of VMWare, at the company’s recent annual confab with its partners and resellers. VMWare competes with...

- Making Money While Keeping Prices Low: Amazon Ceo Jeff Bezos Explains It All (mostly)
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- Amazon Launches Text-message Shopping
Amazon.com Inc.'s brick-and-mortar competitors have yet another reason to fear the Web: a new service that lets shoppers compare prices and buy things with a few quick taps on their cell phones.-Amazon TextBuyIt, which launched late Tuesday, lets...

- Put Buyers First? What A Concept
When I spoke to analysts and investors, they had all kinds of reasons for Amazon’s performance last year. “They finally reached a point where their R&D spending was not expanding as fast as their revenues,” said Citigroup’s Mark S. Mahaney....



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