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Of late, one particular news that has been catching intense media
speculation is the IPO of Facebook. The social networking site’s IPO has been
dubbed by many to be the biggest in the history. However this may not be the
case as Facebook filed for only $5 billion initial public offering on Wednesday.
Listed below are some of the largest IPO in history:
10: Bank of China: The Bank of China s
one of the four biggest financial powerhouses in China. It is not even listed
on a major U.S. exchange, but it’s IPO on 24th May, 2006 topped
$11.2 billion.
9: Deutsche Telekom: The German telecom
company, which was at that time, the third largest in the world, offered stocks
elsewhere and not on major U.S. exchanges. Proceeds from the IPO on 17th,
November 1996 topped $12.5 billion.
8: Nippon Telegraph and Telephone:
When this Japanese telecom giant went for IPO on 9th February 1987,
it managed to raise $15.301 billion. It was listed on the Japanese exchanges
during that time but later added listings in New York and London.
7: Enel:
Ente Nazionale per L’Energie Elettrica, also known as Enel is Italy’s
largest power company. Proceeds from the 1999 IPO totaled $16.6 billion. The
company has never been listed on U.S. exchanges.
6: NTT DoCoMo
NTT DoCoMo is a Japanese
mobile phone giant which went for IPO on 22nd October 1998. Proceeds
from the IPO totaled $18.1 billion.
5: Visa:
The first American company on the list, Visa raised $19.7 billion with
its IPO on 18th, March 2008. The company was also the last big IPO
before the market for public offerings went into hibernation mode as a result
of the financial crisis.
4: American International Assurance:
The Asian life insurance arm of AIG (American International Group), AIA
is based in Hong Kong. The proceeds of the AIA IPO were $20.5 billion when it
went for IPO on 21st, October 2010.
3: Industrial and Commercial Bank of China:
The largest bank in China, the ICBS floated its shares on the Hong Kong
and Shanghai exchanges in 20th, October 2006. The IPO of this bank
raised $21 billion through simultaneous listings on both the Hong Kong Stock
Exchange and Shanghai Stock Exchange.
2: Agricultural Bank of China:
The third largest bank in China, the Beijing based Agricultural Bank of
China raised $22.1 billion in proceeds from the IPO on 7th July,
2010
And the winner is …………
1: General Motors:
General Motors filed
for its public offering in August 2010. It raised $23.1 billion through the proceeds
of its IPO.
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