Inc. magazine online, small business resources, and business advice at Inc.com
Please Note: You are viewing the unstyled version of Inc.com. Either your browser does not support CSS (Cascading Style Sheets) or it is disabled. Skip to the content of this page

IPO Disasters

« Previous Slide | Start Over | Pause | Next Slide »

IPO Disasters

A poster child for the dot-com era, this pioneer online grocer launched in June 1999, raised $800 million in venture capital, and went public at $24 a share by November. Yet, within a year, prices dropped to 28 cents a share and the company filed for bankruptcy in July 2001. The problem? No customers.

ADVERTISEMENT