In recent years, there has been a noticeable increase in interest regarding IPOs. With so many start ups and firms popping up in the digital world, investors and the public alike have geared their attention towards Silicon Valley and other hubs of technology.
Read on and check out our list of the largest IPOs in history.
5. Visa Inc.
Industry: Financial Services
Initial Stock Price: $44
Initial Market Value: $17.864 billion
Current Stock Price: $68.65
Current Market Value: $160.1 billion
Visa Inc. scored a spot on the top five IPOs of all time on March 18, 2008. Though the offering took place during the global financial crisis, market value of the company hit $17.864 billion, making the debut of the debit and credit card company the biggest IPO in US history.
4. NTT DoCoMo
Industry: Telecommunications
Initial Stock Price: ?
Initial Market Value: $18.099 billion
Current Stock Price: $18.59
Current Market Value: $278.3 billion
True to its status as the largest mobile phone operating firm in Japan, NTT DoCoMo raised a record $18.099 billion when it went public on October 22, 1998. It’s current valuation makes NTT DoCoMo the fourth largest company in Japan when measured by market capitalization.
3. Industrial and Commercial Bank of China
Industry: Banking
Initial Stock Price: $0.45 per share
Initial Market Value: $21.9 billion
Current Stock Price: $5.24 per share
Current Market Value: $278.3 billion
When the Industrial and Commercial Bank of China (ICBC Bank) went public on October 20 2006, it was the largest mainland Chinese bank and the third largest Chinese bank to go public. Currently, the ICBC Bank is the largest bank in the world by total assets and market capitalization, possessing assets worth $3.32 trillion in 2014.
2. Agricultural Bank of China
Industry: Banking
Initial Stock Price: $0.5 per share
Initial Market Value: $22 billion
Current Stock Price: $4.08 per share
Current Market Value: $189.9 billion
The Agricultural Bank of China (ABC Bank) went public on July 7 2010 and raised $19.22 in the initial offering, but continued efforts by underwriter Goldman Sachs Asia helped the company hit the $22 billion mark. With a mind-boggling 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches, the bank came it at #3 in the Forbes 2014 ranking of the most powerful and valuable companies in the world.
1. Alibaba Holdings Group
Industry: Internet
Initial Stock Price: $68 per share
Initial Market Value: $25 billion
Current Stock Price: $86.10 per share
Current Market Value: $231 billion
Alibaba Holdings Group is a Chinese internet giant that is best known for Alibaba.com, a business-to-business portal that connects Chinese manufacturers with overseas buyers. On September 18 2014, the company went public and raised $25 billion, setting the record for the largest IPO of all time. It also made founder and chairman Jack Ma the richest man in China, with an estimated net worth of $29.7 billion.
