An Initial Public Offering (IPO) is a crucial step in a company’s journey from a private entity to a publicly traded company. Here are the largest IPOs in history.
Saudi Aramco
The Saudi Aramco IPO launched on December 5, 2019, raised a massive $25.6 billion. Formally known as the Saudi Arabian Oil Company, it had the largest IPO listing in history.
Image: Aramco India
Alibaba Group
Raising a capital of $21.8 billion, the Chinese e-commerce giant’s IPO listing was the largest until Saudi Aramco surpassed it. Alibaba Group went public on September 19, 2014.
SoftBank
SoftBank, a Japanese investment company, went public on December 10, 2018. Raising a capital of $21.3 billion, the IPO listing was the largest in Japan and the third-largest in the world.
NTT DoCoMo
NTT DoCoMo, a Japanese telecom company, went public on October 22, 1998. Raising $18.1 billion, the IPO underwritten by Goldman Sachs was the fourth-largest in the world.
Visa
The digital payments company, Visa, went public during the global financial crisis, on March 18, 2008. Raising $17.4 billion, it was the fifth-largest IPO in history.
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