On September 24, 1998, Ebay held its IPO at $18 per share, reaching $53 per share in its first day, making founder Pierre Omidyar and president Jeffrey Skoll instant billionaires. Ebay’s first annual report listed the company’s dependence on the continued strength of the Beanie Baby market as a risk factor. Needless to say, Ebay overcame both the Beanie Baby bubble bursting and the dotcom bubble bursting, coming out on the other side as one of the few survivors of the dotcom era.
Ebay’s IPO: The rare dotcom survivor










