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April 12, 1996: Yahoo! has an initial public offering, closing at US$33.00—up 270 percent from the IPO price—after peaking at $43.00 for the day. [2] [4]
Yahoo!'s initial public offering at the NASDAQ was on April 12, 1996, closing at US$33.00—up 270 percent from the IPO price—after peaking at $43.00 for the day. Its stock price skyrocketed during the dot-com bubble , closing at an all-time high of $118.75 a share on January 3, 2000.
Yahoo grew rapidly throughout the 1990s. Yahoo became a public company via an initial public offering in April 1996 and its stock price rose 600% within two years. [24] Like many search engines and web directories, Yahoo added a web portal, putting it in competition with services including Excite, Lycos, and America Online. [25]
[16] [17] On April 12, 1996, Yahoo! had its initial public offering, raising $33.8 million by selling 2.6 million shares at the opening bid of $13 each. The word "Yahoo" had previously been trademarked for barbecue sauce, knives (by EBSCO Industries) and human propelled watercraft (by Old Town Canoe Co.).
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .
For example, a listed company with 8 million shares outstanding can offer to the public another 2 million shares. This is a public offering but not an IPO. Once the transaction is complete, the company will have 10 million shares outstanding. Non-initial public offering of equity is also called seasoned equity offering. A shelf prospectus is ...
The initial public offering price was $17, increasing rapidly after the initial offering to a maximum of more than $100. By 1999 GeoCities was the third-most visited site of the World Wide Web, behind AOL and Yahoo!. [3]
Initial public offerings of stock for technology and other growth companies were in abundance and venture firms were reaping large windfalls. Among the highest profile technology companies with venture capital backing were Amazon.com, America Online, eBay, Intuit, Macromedia, Netscape, Sun Microsystems and Yahoo!.