The 10 Biggest IPOs Ever

The 10 Biggest IPOs Ever
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Twitter raised the price range for its IPO to $23 to $25 on Monday, meaning the company now has the potential to raise up to $2 billion. If it prices at the high end of its range, Twitter would have a market value of as much as $13.6 billion.

But despite being one of the most talked-about IPOs of the year, Twitter’s initial public offering is expected to be nowhere near as large as those of companies such as Visa and Facebook. Last year, Facebook raised $16 billion in an IPO that valued the social media giant at $104 billion. However, it's worth noting that Facebook shares, which debuted at $38, lost more than half their value within three months of going public.

As Twitter prepares for its public debut, check out these 10 U.S. companies that had the biggest IPOs ever, as compiled by S&P Capital IQ.

*Note: S&P Capital IQ considers AT&T Wireless a follow-on equity offering rather than an IPO, therefore it is not included on this list.

Related: Twitter's IPO Will Make All These People Millionaires and Billionaires

10. HCA Holdings

Image credit: Image Credit: Harrison McClary/ Bloomberg

Hospital operator HCA became the largest-ever private equity-backed IPO when it raised $3.8 billion in March 2011.

1-day return: 3.4 percent

1-year return: -14.6 percent

Related: Twitter Going Public: Good or Bad for Franchisees?

9. The Travelers Companies

Image credit: Image Credit: Reuters/Chip East

The insurance company raised $3.9 billion in its IPO in March 2002.

1-day return: 5.7 percent

1-year return: -18.8 percent

8. Blackstone

Image credit: Image Credit: The New York Observer

The Blackstone Group’s June 2007 IPO raised $4.1 billion.

1-day return: 13.1 percent

1-year return: -41.4 percent

7. Conoco (Now ConocoPhillips)

Image credit: Image Credit: Conoco

The oldest IPO on the top 10 list, Conoco raised $4.4 billion in its October 1998 IPO.

1-day return: 8.2 percent

1-year return: 19.6 percent

6. CIT Group

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In July 2002, CIT Group raised $4.6 billion in its IPO.

1-day return: -4.4 percent

1-year return: 5.4 percent

5. United Parcel Service

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UPS raised $5.5 billion in its IPO in November, 1999. The offering price was $50 per share, the most expensive of all companies in the top 10.

1-day return: 36.3 percent

1-year returns: 17.3 percent

Related: Need a Prototype? 3-D Printers Coming to UPS Stores

4. Kraft Foods

Image credit: Image Credit: Bloomberg

In June 2001, Mondelez raised $8.7 billion in its IPO. At the time, the global snacking business’s corporate identity was Kraft Foods. The company rebranded as Mondelez International in 2012.

1-day return: 0.8 percent

1-year return: 41.3 percent

3. General Motors

Image credit: Image Credit: AP

General Motors raised $15.8 billion in its IPO in November 2010. At the time, General Motors was the biggest IPO is U.S. history. 

1-day return: 3.6 percent

1-year return: -34.0 percent

2. Facebook

Image credit: Image Credit: Ben Margot/Associated Press

Facebook’s May 2012 IPO raised $16 billion for the social media company. However, the risks of a big IPO are lack of returns – Facebook didn’t close above $38 a share again until August 2013. 

1-day return: 0.6 percent

1-year return: -30.9 percent

Related: Is Facebook Really a Failure to Marketers?

1. Visa

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Visa’s IPO in March 2008 remains the biggest initial public offering in America. Buyers paid $17.9 billion, raising over a billion dollars more than Facebook in its debut.

1-day return: 28.4 percent

1-year return: 28 percent

Edition: March 2017

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