In the previous question, would it affect your thinking to know that, at the time of the
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In the previous question, would it affect your thinking to know that, at the time of the IPO, Netscape was only 16 months old, had only $16.6 million in revenues for the first half of the year, had never earned a profit, and was giving away its primary product over the Internet for free?
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The Netscape IPO was severely underpriced. This occurred even though the offering price of $28 had already been doubled from a planned $14 just weeks earlier. Should Netscape be upset with Morgan Stanley over the remaining underpricing?
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Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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