On August 9, 1995 Netscape Communications, Mountain View, California, had a very successful IPO. The stock, initially intended to be offered at $14 per share, was offered at double that for the IPO, and reached $75 on the first day of trading.
This was later considered the beginning of the "dot-com bubble." The collapse in share value of Internet stocks hit bottom on October 9, 2002. "At its trough on October 9, 2002, the NASDAQ-100 had dropped to 1,114, down 78% from its peak."