In light of this week’s Spotify IPO, Ignitia has decided to take a closer look at some of the largest IPO’s ever seen. Below are the five largest IPO’s in U.S. history.
5. General Motors
Offer Date: November 17, 2010
Deal Size: $15.8 Billion
Details: After emerging from a bankruptcy filing one year earlier, GM rebounded mightily and oversaw the largest IPO in the history of the United States at the time. The offering sold 478 million common shares at $33 each, for a grand total of $15.77 billion.
Offer Date: May 17, 2012
Deal Size: $16 Billion
Details: Few IPO’s have received more media attention than when Facebook went public in May 2012. At the time, the offering was the largest in U.S. tech history. Facebook sold 421,233,615 shares at $38 per share, and raised $16.007 billion. After the IPO, Facebook saw a valuation of $104.2 billion.
3. ENEL SpA
Offer Date: November 1, 1999
Deal Size: $16.5 Billion
Details: When Italian electricity giant ENEL SpA went public in 1999, it was the largest IPO in the history of the United States. At the time of offering, the company only sold 31.7% of its shares. This amounted to 3.8 billion shares and totaled $16.58 billion. In later years, the company would roll out subsequent tranches.
Offer Date: March 18, 2008
Deal Size: $17.9 Billion
Details: Some may have questioned the strategy of the world’s largest credit card network going public during the midst of the global financial crisis in 2008, but that is exactly what Visa did anyway. Selling 406 million shares at $44 per share, the offering smashed ENEL’s previous U.S. record, and brought in more than $17.9 billion.
Offer Date: September 18, 2014
Deal Size: $21.8 Billion
Details: When Alibab went public in 2014 it was not only the largest IPO in the history of the United States, but also the world. Selling 320.1 million shares at $68 per share, and raising $21.8 billion. The offering cemented Alibaba’s place as one of the world’s most valuable companies. As of the time of this writing, Alibaba’s market cap is now over $448.12 billion.