The Largest IPOs In US History
Last year (2008) was an extremely quiet one for initial public offerings, with only 21 IPOs hitting the market. By comparison, 159 took place in 2007.
Recently, there has been a relative flurry of IPO activity; three of the four IPOs on US exchanges this year have hit in the past two weeks: Rosetta Stone (RST), Changyou.com (CYOU) and Bridgepoint Education (BPI). April 2009 is already the most active month since July 2008. Thus far, however, all the IPOs this year have been tiny by historical standards.
Click ahead to see the ten biggest on record.
By Paul ToscanoPosted 16 Apr 2009
10. Agere Systems
Capital Raised: $3.6 billion
IPO Date: 3/27/01
9. Goldman Sachs
Capital Raised: $3.7 billion
IPO Date: 5/3/99
8. Travelers Insurance
Capital Raised: $3.9 billion
IPO Date: 3/21/02
7. Blackstone Group
Capital Raised: $4.1 billion
IPO Date: 6/21/07
6. Conoco
Capital Raised: $4.4 billion
IPO Date: 10/21/98
5. CIT Group
Capital Raised: $4.6 billion
IPO Date: 7/1/02*
CIT Group filed for Chapter 11 bankruptcy on 11/1/09, in the 5th largest US bankruptcy filing of all time.
4. UPS
Capital Raised: $5.5 billion
IPO Date: 11/9/99
3. Kraft Foods
Capital Raised: $8.7 billion
IPO Date: 6/12/01
2. AT&T
Capital Raised: $10.6 billion
IPO Date: 4/26/00
1. Visa
Capital Raised: $17.9 billion
IPO Date: 3/19/08