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



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