These Companies Took Over A Century To Reach Their IPO

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These Companies Took Over A Century To Reach Their IPO
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New research has revealed the companies that went public the slowest, with half taking over a century to offer shares on the stock market.

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The research, undertaken by Tide, looked at 100 of the companies with the highest market caps and researched the date they were founded and the date when they first offered shares for public purchase.

The Slowest Companies To Reach Their IPO

Rank Name Industry Market cap Founded Year IPO Year Founded to IPO (Years)
1 Hermès Luxury goods $156.36 B 1837 1999 162
2 Philip Morris Tobacco $156.07 B 1847 2008 161
3 Goldman Sachs Investment $131.47 B 1869 1999 130
4 Berkshire Hathaway Holding Company $618.28 B 1839 1965 126
5 Linde Chemicals $154.90 B 1879 2002 123
6 Bank of China Banking $129.29 B 1912 2006 94
7 Pfizer Health $246.49 B 1849 1942 93
8 United Parcel Service Logistics $163.55 B 1907 1999 92
9 Merck & Co. Health $181.71 B 1891 1980 89
10 Honeywell Holding company $148.66 B 1906 1993 87

 

  1. Hermes Years to IPO: 162

Hermes International SCA (EPA:RMS) is one of the most exclusive luxury brands in the world and is still majority-owned by the founding Hermès-Dumas family.

  1. Philip Morris Years to IPO: 161

Tobacco giant Philip Morris International Inc. (NYSE:PM) took the second-longest amount of time to reach an IPO, only doing so 161 years after the company was founded.

  1. Goldman Sachs Years to IPO: 130

In third place is investment firm Goldman Sachs (NYSE:GS) which took 130 years to launch its IPO in 1999, the same year as Hermès.

Further Insights:

  • India’s largest private bank was born in 1994 as a subsidiary of the Housing Development Finance Corporation (HDFC), and by 1995 was already announcing its IPO.
  • Kweichow Moutai Co., Ltd. (SHA:600519) is one of the joint second-quickest companies to reach IPO with Texas Instruments Incorporated (NASDAQ:TXN)
  • E-commerce companies are the fastest industry to reach IPOs. On average, it takes around 8.75 years for an e-commerce company to go public.
  • The second quickest industry to reach an IPO is professional services, which includes firms that offer consulting, accountancy and IT services.

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