09/08/1995
Netscape goes public with third largest ever NASDAQ IPO share value. Its IPO was considered to be the start of the dotcom boom.
The stock was set to be offered at $14 per share. But, a last-minute decision doubled the initial offering to $28 per share. The stock's value soared to $75 on the first day of trading, nearly a record for first-day gain, the stock closed at $58.25 meaning a market value of $2.9 billion. The company's revenues doubled every quarter in 1995.
The IPO propelled Marc Andreessen into the public's imagination. He was featured on the cover of Time magazine and other publications. Andreessen became the generation inside the internet bubble that worth millions of dollars practically overnight.