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The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public. [2] After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. [3]
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.
Amazon issued its initial public offering of capital stock on May 15, 1997, at $18 per share, on the NASDAQ stock exchange under the symbol AMZN. [21] Barnes & Noble sued Amazon on May 12, 1997, alleging that Amazon's claim to be "the world's largest bookstore" was false because it "...wasn't a bookstore at all. It's a book broker."
After the sale plan, Bezos would own about 912 million Amazon shares, or 8.8% of the outstanding stock. He sold shares worth roughly $8.5 billion in February, after the stock rallied 80% in 2023.
MacKenzie Scott continues to sell billions of dollars in Amazon stock. In 2023, she unloaded nearly 65.3 million shares of Amazon, currently worth more than $10 billion, according to a filing.
Amazon stock was priced at $18 at IPO, but split-adjusted, the price for that first share would be $0.075. If you had bought one share at IPO, you'd have 240 shares today. Those shares would be ...
Amazon websites are country-specific (for example, amazon.com for the US and amazon.co.uk for UK) though some offer international shipping. [51] Visits to amazon.com grew from 615 million annual visitors in 2008, [52] to more than 2 billion per month in 2022. [citation needed] The e-commerce platform is the 12th most visited website in the ...
The collective value of the shares of Amazon, which is based in Seattle where he founded the company in a garage about three decades ago, was more than $2.04 billion, according to the listed price ...