Image Courtesy- Business Today
We have collaborated a list of the the 10 biggest IPOs of all time. IPO (Initial Public Offering) is the process of offering shares of a private corporation to the public in a new stock issuance. Public share insurance allows a company to raise capital from public investors. It also also public investors to participate in the offering.
1. Alibaba Group Holding Ltd
This company is a diversified online e-commerce company based in China which went public on September 18, 2014, at a whooping $21.8 billion. Few days later, underwriters exercised an option to sell more shares which brings the total IPO to $25 billion. Alibaba chose New York Stock Exchange (NYSE) for its IPO to be underwritten primarily by Credit Suisse.
2. Agricultural Bank of China Ltd
This bank is also known as AgBank which is the second-largest IPO of all time. AgBank went public on July 7, 2010 with raising $19.2 billion. AgBank increased the size of its IPO to $22.1 billion. It is also a member of the Big four banks in China.
3. Industrial and Commercial Bank of China(ICBC)
ICBC bank, or Industrial and Commercial Bank of China went on public on October 2020, 2006 with fetching a total of almost $19.1 billion. On January 19, 2007 when ICBC bank practiced an overallotment option that allowed the company to lift its IPO to $21.9 billion, making it the world third-largest IPO.
4. General Motors Company
General Motors company was started on November 16, 2010, after emerging from a bankruptcy filing one year earlier. This car manufacturing company raised $20.1 billion in its initial public offering. It is the largest IPO amongst any U.S based company. General Motors owns Chevrolet, Buick, GMC, and Cadillac.
5. NTT Docomo, Inc
It is a Tokyo-based telecommunications player, went to the public market on October 22, 1998 which helped them raising just under $18.4 billion. NTT had been underwritten by Goldman Sachs Asia and was previously listed on the NYSE. On April 13, 2018 the NTT officially removed their American Depository Shares from the NYSE list.
6. Visa Inc
This is a debit and credit card processing company that entered the public market on March 18, 2008 and raised roughly $17.9 billion with no small feat during a global financial crisis.
7. AIA Group Ltd
This company is Hong-kong based investment and insurance company which was offered to the public on October 21, 2010. AIA Group raised over $20.5 billion and became the largest independent with publicly listed pan-Asian life insurance group.
8. Enel
This company went public on November 1, 1999, after it raised almost $17.4 billion. Enel is an Italian company that competes in the gas and electric market in Europe and the Americans. It works in 34 countries and has 72 million around the world.
9. Facebook
This company was one of the most hyped IPOs in the decades. It was listed on May 1, 2012 and raised just over $16 billion. Facebook’s launch was riddled with trading issues and questionable information-sharing accusations. In June 2018, Facebook had an average about 1.47 billion daily active users.
10. Deutsche Telekom AG
This company is a German telecommunications company that raised a little over $13 billion on November 17, 1996. In March 2020, Deutsche Telekom AG had 184 million mobile customers with 27.5 million fixed-network lines, and more than 21 million broadband lines. Deutsche owns T-mobile and T-systems.