Hi, I am looking for someone to write an article on netscape ipo Paper must be at least 1750 words. Please, no plagiarized work! That Netscape would now be in the dustbin of history, having been demolished by Microsoft during the browser war when it buckled under the killer strategy of Bill Gates’ bundled Windows operating system with the its browser, Internet Explorer and having bought by AOL in March 1999 – many questions still abound on what went wrong, and what could have been avoided. The company was led by both the talented (Marc Andreessen and the experienced manager (Jim Clark) and had the backing of the well-known venture capitalists in Silicon Valley. No less than Morgan Stanley would be the lead underwriters for its IPO.
In the end, the dilemma faced by the board of directors of whether to give in its Wall Street underwriters’ proposal of raising the initial stock price form $14 to $28 and increasing the number of shares to 5 million due to favorable response to the investment roadshow or risk a public verdict of opportunism for doing so (Backstrand 7)– was rendered moot and academic. Netscape opened to an overwhelming response from investors who took the stock price to as much as $75 after a delayed opening of $71 per share. On the other hand, the question of whether the investors made a good decision in paying so much for the stock an untested company had to place it in the context of the condition of the industry, Netscape’s company strategy and how IPOs in general fare as investments.