Hindsight Market

The Graveyard › 2000

Pacific Gateway Exchange Inc

PGEX · Telecom & Media · NASDAQ · in our data July 19, 1996 to December 29, 2000 (4.4 years)

The first trading day in our data for Pacific Gateway Exchange Inc is July 19, 1996 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 4, 1998, the market valued it at $1.2 billion. It ended in a collapse: the last trade was $0.03, -100.0% from its split-adjusted high. The delisting record says: likely failure.

1996-072000-12
Peak market value$1.2 billionMay 4, 1998
Highest split-adjusted share price$60.75May 11, 1998
Last share price$0.03December 29, 2000
From its split-adjusted high to the end-100.0%
Return over the days in our data-99.8%with dividends, before the last trade
Worst single day-50.0%December 7, 2000

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1996.

Could you have seen it coming? Play Dot-com

Also gone in 2000: Telecom & Media