The team at City Index have looked at some of the largest ever IPOs and ranked them by total revenue to find out which were the biggest ones of all time.
The Top 10 Biggest IPOs Of All Time
|
Rank |
Company |
Country |
Industry |
IPO Year |
Funds Raised (USD) |
|
1 |
Saudi Aramco |
Saudi Arabia |
Energy |
2019 |
$25,600,000,000 |
|
2 |
Alibaba |
China |
Technology |
2014 |
$21,800,000,000 |
|
3 |
SoftBank |
Japan |
Communication |
2018 |
$21,300,000,000 |
|
4 |
NTT Mobile Communication Network |
Japan |
Communication |
1998 |
$18,100,000,000 |
|
5 |
AIA Group |
Hong Kong |
Financial services |
2010 |
$17,800,000,000 |
|
6 |
Visa |
USA |
Financial services |
2009 |
$17,400,000,000 |
|
7 |
Enel SpA |
Italy |
Utilities |
1999 |
$16,400,000,000 |
|
8 |
Meta (Facebook) |
USA |
Technology |
2012 |
$16,000,000,000 |
|
9 |
General Motors |
USA |
Transport |
2010 |
$15,800,000,000 |
|
10 |
ICBC |
China |
Financial services |
2006 |
$14,000,000,000 |
Saudi Aramco
The largest IPO of all time occurred in 2019 when Saudi Aramco oil company was floated. The offering generated over $25 billion in investment, beating the previous record holder by almost $4 billion.
Saudi Arabian Oil Co (TADAWUL:2222)’s public market cap is almost $2 trillion – as of March 2023 – making it the third most valuable company in the world after technology giants Apple and Microsoft.
Alibaba
Alibaba Group Holding Ltd (NYSE:BABA) is a Chinese technology company founded by Jack Ma in 1999 which has gone on to become one of the most valuable companies in the world, it made over $100 billion in revenue in 2022.
Its IPO generated almost $22 billion when it was floated on the New York Stock Exchange in 2014, a record for an IPO at the time.
SoftBank
The SoftBank Group Corp (OTCMKTS:SFTBY) is a Japanese holding company which has interests in many different industries, including owning almost 24% of Alibaba.
The SoftBank Corporation is an affiliate business that is the third-largest wireless carrier in Japan, and it was this wing of SoftBank which had the third-largest IPO in history in 2018. The offering made $21.3 billion, just $500 million less than Alibaba four years earlier.
Recent IPO Success
|
Rank |
Company |
IPO Date |
Stock Price at IPO |
Stock Price Now |
Stock price change |
How much $1,000 (USD) invested would be worth now |
|
1 |
Prometheus Biosciences, Inc. |
12/03/2021 |
$19.00 |
$112.14 |
490.21% |
$5,902 |
|
2 |
Belite Bio, Inc |
29/04/2022 |
$6.00 |
$30.16 |
402.67% |
$5,027 |
|
3 |
Academy Sports and Outdoors, Inc. |
02/10/2020 |
$13.00 |
$57.51 |
342.38% |
$4,424 |
|
4 |
Tiga Acquisition Corp. |
24/11/2020 |
$10.00 |
$36.50 |
265.00% |
$3,650 |
|
5 |
Montrose Environmental Group, Inc. |
23/07/2020 |
$15.00 |
$50.91 |
239.40% |
$3,394 |
|
6 |
Greenwich LifeSciences, Inc. |
25/09/2020 |
$5.75 |
$19.36 |
236.70% |
$3,367 |
|
7 |
Pandion Therapeutics, Inc. |
17/07/2020 |
$18.00 |
$60.05 |
233.61% |
$3,336 |
|
8 |
Keros Therapeutics, Inc. |
08/04/2020 |
$16.00 |
$53.21 |
232.56% |
$3,326 |
|
9 |
Annovis Bio, Inc. |
29/01/2020 |
$6.00 |
$19.41 |
223.50% |
$3,235 |
|
10 |
Regencell Bioscience Holdings Limited |
16/07/2021 |
$9.50 |
$30.00 |
215.79% |
$3,158 |
Prometheus Biosciences
Prometheus Biosciences Inc (NASDAQ:RXDX) has had the most successful IPO in recent years, the pharmaceutical company had an IPO in March 2021.
When it was initially floated the share price was $19 but has since risen to over $112 – meaning that investing $1,000 in the IPO would be worth $5,902 today.
Belite Bio
Another stock that’s risen over 400% since its IPO is Belite Bio Inc (NASDAQ:BLTE), which is also a pharmaceutical company.
This San Diego-based company was founded in 2016 and went public six years later in April 2022. If you had invested $1,000 in the Belite Bio IPO you’d now have $5,027 worth of stock.
Academy Sports and Outdoors
Academy Sports and Outdoors Inc (NASDAQ:ASO) is an American sporting goods company which had the third-highest increase in the stock price of any company that has gone public in recent years.
The share price rose by almost 350% since the company was floated in October 2020. This means that a return of $4,424 could have been made from a $1,000 investment in this IPO.
Further findings:
- Amazon was the second quickest company to go public.
- Coca Cola was the slowest company to go public. Funded in 1892, it only went public in 1919, after 27 years.
- Coca-Cola was one of just four companies in the 25 largest to take more than 20 years to become public, another was its big rival Pepsi.
