Amazon Goes Public at $18 per Share, Valued at $300 Million

IPO Details and Company Outlook

Amazon, the online retailer founded by Jeff Bezos in 1994, has announced its initial public offering (IPO) at $18 per share. The move gives the company a valuation of approximately $300 million.

In its IPO filing, Amazon warns of potential risks associated with its business model, including competition from other online retailers and the potential for changes in consumer preferences.

Amazon's History and Growth

Founding and Early Growth

Launched on July 16, 1995, Amazon initially operated as an online bookstore. The company quickly expanded its offerings to include music, videos, and electronics.

Expansion and Diversification

Over the past decade, Amazon has diversified its business significantly. It now offers a wide range of services, including cloud computing, streaming media, and digital advertising.

Recent Growth and Future Outlook

Amazon's revenue has increased almost tenfold in the past decade. The company continues to invest heavily in new initiatives and is poised for further growth in the years to come.