Amazon Stock Trailed Back to $18 Offer Price for a Month Post-IPO
Frank Quattrone · Frank Quattrone: Lessons from 650 M&A Deals Worth Over $1TRN & Taking Amazon and Cisco Public| E1121 · 20VC with Harry Stebbings · Mar 1, 2024 · at 1:00:07
Frank Quattrone, lead underwriter on Amazon's IPO at Deutsche Bank, describes the stock's initial market trading performance after pricing at $18 per share.
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“On the first day, it pops up during the day to 23 and pops right back down to 18. And you could have bought all the Amazon you wanted at 18 for about the first month until they announced earnings.”
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