After going public as AOL in 1992, the company reached the 1-million-user mark by 1995. Within a year, its user base had expanded to 5 million. During the dot-com bubble in 1999, AOL acquired both Moviefone and Netscape. AOLs market cap peaked at $222 billion in December 1999.
When did AOL stock go public?
March 19, 1992 America Online became a publicly traded company on the NASDAQ on March 19, 1992, at an original price of $11.50. Adjusting for stock splits, this is an IPO price of $0.09. Time Inc. merged with Warner Communications Inc., on January 10, 1990, to form Time Warner Inc.
When did AOL stop trading?
October 2003 The company traded under the ticker AOL. The deal, valued at $350 billion, created the worlds largest media company at the time. In October 2003, the company dropped the AOL portion of its corporate name and began trading under the TWX ticker.
What was AOL stock price in 1999?
The shares then went on a seven-year growth streak, splitting seven times before reaching a split-adjusted intraday high of $95.81 on Dec. 13, 1999. (By then, the shares had moved to the New York Stock Exchange.)
Is AOL publicly traded?
Today none of the sprawling businesses that made up AOL Time Warner stands as a separate publicly traded company. From 1989 to 2001, Time Inc. 1989: Time Inc. and Warner Communications agree to merge, creating the largest media and entertainment conglomerate in the world.
Does AOL stock still exist?
According to a new report from Reuters, top shareholders are pressuring Yahoo to join with the company formerly known as America Online. If this were 1998, the news would shake the industry.
What was the highest price of AOL stock?
The stock peaked at $94 per share on Dec. 13, 1999, on record trading volume.
What was the highest stock price for AOL?
$94 per share The stock peaked at $94 per share on Dec. 13, 1999, on record trading volume.
What year did AOL end?
AOL was eventually spun off from Time Warner in 2009, with Tim Armstrong appointed the new CEO. Under his leadership, the company invested in media brands and advertising technologies. On June 23, 2015, AOL was acquired by Verizon Communications for $4.4 billion.