Since this seems to be the main area of Netscape discussion, I thought I'd post this little clip, from long ago
>Netscape Communications Corp., maker of the most widely used Internet browser, said it filed a registration statement with Securities and Exchange Commission for an
initial public offering of 3.5 million shares of common stock.
The preliminary prospectus cites a $13 a share figure "for illustrative purposes." At that price, Netscape would gain $45.5 million from the stock sale.
Morgan Stanley & Co. and Hambrecht & Quist LLC will co-manage the underwriting group. Copies of the prospectus will be available the last week of July, Netscape said.
Formed just 15 months ago by former Silicon Graphics Inc. chairman Jim Clark, the Mountain View, Calif., Internet software company lost $2.7 million on revenues of $4.7
million in the first quarter. At the end of March, the company had $14.7 million in working capital as of March 31. In April, a group that includes Times Mirror Co. and
Knight-Ridder Inc. bought 11 percent of Netscape for $17.3 million.
Despite the cash infusion, Netscape insiders said it was hard to resist going public in such an attractive stock market environment to raise even more capital and to give the
company a higher profile outside the Internet community. Netscape maintains a World Wide Web site at netscape.com.
Thirteen dollars per share "for illustrative purposes only" is the major understatement of 1995 !!! Just think a 45 million dollar company has grown to an industry giant capitalized at .5 Billion in just 7 short months, only in america.
Does anyone know if they still have 3.5 million shares or did they issue more ? |
