Wealth-X Reveals: The Top Five Biggest American IPOs Of All Time

NEW YORK, July 23, 2014 /PRNewswire/ -- With the financial world gearing up for the upcoming initial public offering (IPO) of Chinese e-commerce giant Alibaba on the New York Stock Exchange, Wealth-X today released a list of the top five biggest IPOs on record of non-government-owned companies in the United States.

Many analysts predict the Alibaba IPO will be the largest-ever and could raise more than US$20 billion, valuing the company at US$150 billion.

Leading the list of largest IPOs is global payments technology company Visa, which went public in 2008 and raised US$17.9 billion. The company's most significant shareholder, JPMorgan Chase, saw its US$4.1 billion stake increase by 19.66% on the first day of trading – resulting in a profit of US$805 million for the American banking and financial services giant.

Next on the list is Facebook, which launched its IPO in 2012 amid great fanfare and raised US$16 billion in its inaugural trading day on the NASDAQ exchange. CEO Mark Zuckerberg, the largest shareholder in the online social network, saw his US$20.3 billion stake rise by 0.57% in the IPO – amounting to a profit of nearly US$115.8 million. Facebook's shares have subsequently surged and Zuckerberg's personal stake in the company is currently valued at US$29.5 billion

Facebook's first venture capital investor, Accel Partners, funded the tech start-up in 2005 with a US$12.7 million cash injection. At the close of Facebook's first day of trading, Accel's stake – the second largest in the company – was worth US$5.5 billion

Facebook's IPO generated huge paper gains for a slew of the company's other early investors and employees, including co-founders Dustin Moskovitz and Eduardo Saverin, who emerged from the offering with stakes valued at US$5.1 billion and US$2 billion respectively.

Below are the top five largest IPOs in the US to date:

Rank

Company

Amount
Raised
(US$ billion)

Year of
IPO

Major Shareholder

Value of Stake On First
Day of IPO (US$ million)

1

Visa

17.90

2008

JP Morgan Chase & Co.

3,642

2

Facebook

16.00

2012

Mark Zuckerberg

19,253

3

AT&T Wireless Group

10.62

2000

AT&T Corp.

85,807

4

Mondelez International*

8.68

2001

Altria** 

36,719

5

United Parcel Service

5.47

1999

John W. Rogers

 

30.3


* Previously known as Kraft Foods
** Previously known as Philip Morris Companies

About Wealth-X
Wealth-X is the world's leading ultra high net worth (UHNW) intelligence and prospecting firm with the largest collection of curated research on UHNW individuals, defined as those with net assets of US$30 million and above. Headquartered in Singapore, it has 13 offices on five continents. (www.wealthx.com)

SOURCE Wealth-X



More by this Source

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.