Historic Highlights of the Largest and Most Prominent US IPOs
This article explores the most notable and largest US IPOs, highlighting their historic significance and impact on the market. It examines giants like AT&T Wireless, GM, Facebook, and Alibaba, showcasing their record-breaking raises and market influence. Despite recent decline in IPO activity, past successes demonstrate the potential for future large-scale offerings. Key IPO events have shaped the industry, reflecting investor confidence and corporate growth strategies. The overview provides insights into the evolution of major US public offerings and industry trends.
Iconic and Major US Initial Public Offerings of All Time
In 2016, only 105 companies went public in the US stock market, marking a nearly 40% drop compared to the previous year. This decline sparked questions about the dwindling popularity of IPOs. Factors like Brexit and political uncertainty are often cited, while some believe firms are favoring private funding avenues. However, 2017 shows promise with up to five significant IPOs on the horizon. Historically, several IPOs have set benchmarks in the industry, shaping the US market's landscape:
AT&T Wireless, 2000, $10.62 billion: Just before the dot-com bubble burst, AT&T Wireless launched its IPO on April 26, 2000. The offering of 360 million shares closed at $31.75 each, above the initial $29.50, raising over $10.62 billion. This made it the largest US IPO for six years.
General Motors, 2010, $15.8 billion: After receiving a second bailout from the government in 2009, GM announced its IPO in November 2010. It raised $15.8 billion, becoming the second-largest in US history, and helped it pay off substantial debt.
Facebook, 2012, $16 billion: Market anticipation for Facebook’s IPO on May 1, 2012, was immense. Priced at $38 per share, it boasted a $104 billion valuation. Despite technical issues on NASDAQ, the offering was a significant milestone.
Alibaba, 2014, $21.8 billion: The Chinese e-commerce giant, led by Jack Ma, made a historic US debut with shares at $68 each. It achieved a market cap of $168 billion, raising $21.8 billion, and cementing its place among top US IPOs.
