Case | HBS Case Collection | April 1996 (Revised May 1997)

Netscape's Initial Public Offering

by W. Carl Kester and Kendall Backstrand


In August 1995, Netscape's board of directors was confronted with a decision about what price to offer the company's shares in its initial public offering (IPO). Preliminary demand for shares was high, but the company had not generated any positive earnings at the time of the offering.

Keywords: Initial Public Offering; Technology; Problems and Challenges; Valuation; Governing and Advisory Boards; Information Technology Industry;


Kester, W. Carl, and Kendall Backstrand. "Netscape's Initial Public Offering." Harvard Business School Case 296-088, April 1996. (Revised May 1997.)