Introduction
I’ve been involved in the initial public offering (IPO) market since the mid-1990s, which was certainly a great time to get involved. Netscape sparked the Internet revolution with its massive IPO on August 19, 1995. On its first day of trading, the stock soared from $14 to $57 and then ended the day at $58.25. The company sported a market value of $2.9 billion even though revenues were meager.
During this time, I got Internet fever and co-founded a company called WebIPO. It was an early player in the industry to allocate IPO shares to retail investors. All in all, it was a tremendous experience, but I also realized how difficult it was to break through the walls of Wall Street.
Of course, the IPO market today is much different from ...
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