A Personal Blog
Dot-Com Bubble, How We've Missed You
Google pulled a dot-com’esque IPO. Many people felt it was because they had a solid business plan and were clearly profitable. Whatever, no bricks and mortar business would IPO that way (in today’s market). Still, congrats to all who made money. I’d been fearing this’d start a larger trend it seems others were quite excited by the prospect of more easy money.
edit: whoop, forget to mention who this was. It’s the IPO of Shopping.com. Sorry.
Just under 7,000,000 shares at 18$ were released today, only to soar by over 50% to roughly 27$.
Yes, that’s a market cap of (hold your breath) 189,000,000$ on earnings of …
For the twelve months ended June 30 2004, the company generated almost $16 million in operating cash flow (or EBITDA) on $84 million in total revenue.
The second tech IPO to go extremely well. Whether we’re in “bubble mode” is anyone’s best guess (and anyone who’s smarter than me’s Educated Opinion).
Congrats to the investors. Hang onto your hats because there’s another dozen tech IPO’s who’ve been holding off about to make a run for the gates before the end of the year.
| Print article | This entry was posted by Jeremy Wright on October 26, 2004 at 10:54 am, and is filed under General. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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about 7 years ago
Want the late 90s? I present you with: Travelzoo.
Not only is it insanely overvalued – but a bunch of us out there have shares of it that we got for free. Long ago Travelzoo gave away one share if you signed up. If you got someone else to – you received another share, but they capped it at 5 or something like that. You then had to keep up with emails and make sure they had your correct email (really had to read about one email every couple of years). At one point they let you merge shares if you knew someone who’d be willing to give theirs up. I believe they also split after that. They were then over the counter for a while – and now – boom – they’re real money.
about 7 years ago
> Just under 7,000,000 shares at 18$ were released today, only to soar by over 50% to roughly 27$.
Who? Google’s at $181.
about 7 years ago
Whoops, it was the Shopping.com IPO (http://www.reuters.com/newsArticle.jhtml?type=internetNews&storyID=6604241). Updated article. Sorry!