Netflix debuts on NASDAQ

Written by Petteri Pyyny @ 23 May 2002 11:23 User comments (2)

Online DVD rental site, Netflix is one of the few high-profile hi-tech IPOs in this year. Company listed today at NASDAQ after its IPO which brought company a nice pile of cash to operate with, exactly $82.5M.

IPO price was set at $15 a share, but in today's trading stock price was hovering around $17. Company operates one of the most successful new video rental business models -- it offers unlimited DVD rentals for users who subscribe to its service for $19.95 a month. Users choose movies they want from online catalog of over 60,000 movies and after they've selected their movies, discs are sent out using first class mail.

<Librarian of Congress rejected CARP's proposed royalty rates >EFF filed its briefs to Californian Supreme Court

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2 user comments

124.5.2002 07:16

gcking

Inactive

If it allowed you say 30 movies a month it wouldn't be a bad deal, but with the slow mail I don't think you would get that many. If they would let you have say 7 movies at a time it might work out. That way you could watch a movie a day.

224.5.2002 23:55

johnbmx

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Senior Member

we had netflix when it first came out..it was great ..we were getting 4 at a time for 20 bucks a month and getting about 12 a month..then we lowered it ourselves to 2 at a time for 10 bucks a month..we were getting about 8 a month..then....they got popular, they raised their prices and they wanted 2 at a time for 15 bucks a month and 3 at a time for 20bucks a month..then...they started not sending them as quick cause alot of people were using them..and we were only getting like 4 or less a month..it was good while it lasted.

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Netflix debuts on NASDAQ

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