The Largest IPOs in US History
Over the years, there have been many public releases that raked in over billions of dollars in revenue. Most of these companies have gone further to achieve greater growth following their offerings. Below, we list some of the largest public offerings in the New York Securities Exchange.
- Alibaba Group
Alibaba Group Holding Limited is an e-commerce company. It provides sales that range from consumer to consumer, business to consumer and business to business across its e-commerce platforms. Additionally, it provides cloud computing services, shopping search engine services and gives room for electronic payment. It was founded by Jack Ma when he began the website Alibaba.com so as to connect Chinese businesses with overseas buyers. Mainly operational in the People’s Republic of China, the company had its Initial Public Offering in September 2014. In its public release, the company obtained $25 billion in proceeds. It remains the largest Initial Public Offering in the United States.
- 2. Visa Inc.
Visa company, popularly known as Visa, provides multinational financial services. The company oversees the transfer of funds electronically throughout the world. Most of these money transfers are done through the company’s branded credit or debit cards. Instead of offering the cards to customers themselves and setting their rates, Visa provides financial institutions with its cards. As such, different financial institutions have the freedom of setting their rates for money transfer or withdrawals. In 2015, the company processed over 100 billion transactions worldwide. These translated to a total volume of $6.8 trillion. The firm is the world’s second largest payment organization globally. Visa’s headquarters are located in Foster City, California.
The company went public on March 18th, 2008, where it sold half its shares to the public. It sold each share at $44 and gathered proceeds that totaled to $17.9 billion. Currently, the company trades under the ticker “V.”
This for-profit organization provides online social media and social networking services. Facebook was started in February 2004 by Mark Zuckerburg as well as his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. However, the service was only available to Harvard students at the time. It became available globally in 2006 when individuals 13 years or older could join the site. The company mainly earns its revenue through advertisements. In 2015, Facebook generated a revenue of $17.9 billion. Zuckerburg currently holds the largest shares in the company at 28 percent. In 2014, Facebook was named the 5th best company to work for. The company has over 1 billion users and employs over 17,000 people. Its revenue for the 2016 financial year was $27.7 billion.
The company went public on May 17th, 2012, at a share price of $38 per share. The company was valued at $104 billion at the time. Its offering raised $16 billion. The company currently trades under the ticker “FB” in the New York Securities Exchange. It has acquired subsidiary companies Instagram, WhatsApp, and Oculus in the wake of its expansion.
Other businesses that have made some of the most significant entries in the IPO market regarding proceeds are General Motors which raised $15.8 billion, Kraft Foods which raised $8.7 billion and United Parcel Services which raised a total of $5.5 billion.