Which two tech IPOs warned investors they might "never achieve profitability," but became wildly successful?
eBay and Tesla
Google and Netflix
Amazon and Uber
Facebook and Qualcomm
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In a tech IPO landscape filled with ambitious forecasts and promises of groundbreaking success, more than a few company's honesty startled potential investors.
When Amazon went public in 1997, it was a scrappy online bookstore with big ambitions – and bigger losses. In its IPO prospectus, the company openly cautioned investors: "We have incurred significant losses since our inception and expect to incur operating losses for the foreseeable future... we may never achieve or maintain profitability."
Not exactly the rallying cry you'd expect from a soon-to-be tech titan. The candid acknowledgment raised eyebrows and skepticism on Wall Street. Yet, the IPO went forward at a price of $18 per share, raising around $54 million and valuing Amazon at roughly $438 million. The...
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