For all of you non-finance people out there an IPO (Initial Public Offering) is when a privately owned company begins to sell stock in it’s business to the public. There are numerous reasons for a business to become a publicly listed company such as: allowing for new acquisitions to help facilitate expansion, provides greater liquidity to original equity holders for paying off debt or improving cash flow and sometimes even for the additional PR brought about by going public.
But what companies have risen above the rest to work with their investment banking firm (and clandestine PR firms) to “correctly” assess the value of their shares and generate some of the largest IPOs ever? Well with the increase media focus on more mainstream, fast growing and tech focused companies like: Google, Facebook (soon to be) and GroupOn you would think that these IPOs were some of the largest . However you would be wrong
What are the largest IPOs? See below in US$MM.
ABC Bank: July 2010 – $19,228 www.theabcbank.com
ICBC Bank: October 2006 – $19,092 www.icbc.com.cn
NTT Mobile: October 1998 – $18,099 www.nttdocomo.com
Visa: March 2008 – $17,864 www.visa.com
AIA: October 2010 – $17,816 www.aia.com
ENEL SpA: November 1999 – $16,452 www.enel.com
General Motors: November 2011 – $15,774 www.gm.com
Nippon Tel: February 1987 – $15,301 www.ntt.co.jp
Deutsche Telekom: November 1996 – $13,034 www.telekom.com
Bank of China: May 2006 – $11,186 www.boc.cn