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Initial Public Offering (IPO) can be defined as the first sale of stock by a private company to the public. This usually is issued by smaller companies seeking money and capital to expand. However, large companies have now invested their time in IPOs as well.
This article intends to examine the top 10 IPOs of the last 10 years. From Google to Zynga to Facebook, who will make it to # 1?
10. Zynga
Zynga is a social network game development company located San Francisco. The company specializes in developing browser-based games. As of February 2012, it has 240 million monthly active users. You may recognize some of the games from Facebook, including CityVille, Farmville and CafeWorld.
The company began offering IPOs in December of 2011. 100 million shares were offered at $10 each. The deal size was $1 billion and the valuation was $8.3 billion. Performance has not been good as the first day did not see any rise, but a loss of 5%. Performance since IPO has also been optimal at 44.8%.
9. Giant
Giant develops internet security products, including pop-up inspector, spam inspector and anti-spyware software. Its head office is located in New York and also has offices in Chicago and Atlanta. In 2004, Microsoft took over the company and many of the products have now been integrated into Microsoft Outlook, Outlook Express, Hotmail etc.
The company went public in October of 2007 with a deal size of $887 million. The valuation of shares was $3.3 billion and each share was offered at $15.50. There was a slight raise the first day by 17.6%, but since then has not been doing well with performance at -71.9%.
8. Renren
Renren is a Chinese social network similar to Facebook. In April 2011 the company announced that it has a total of 31 million active users a month. The company was formerly known as Xiaonei which began in December of 2005 by a University of Delaware graduate.
The company went public in May of 2011 with a deal size of $743 million. The valuation of shares was $4 billion and each share was offered at $14. There was a slight raise the first day by 28.6%, but since then has not been doing well with the performance at 60.9%
7. ShandaGame
Shanda Interactive Entertainment Ltd. is a Chinese operator of online games and book publisher. It is based in Shanghai and was established in December of 1999. In 2006, the company announced 460 registered accounts and the average of 1.2 million players at any given time. It was listed on NASDAQ exchange, raising $151.9 USD.
In 2009, the company began offering IPOs. The company was able to raise $1 billion in the richest U.S. Stock Market debut in 2009. Shanda was also able to sell more than 13 million American Depositary Shares. However, by September of the same year the company began to slip by 14%.
6. Yandex
Yandex is Russia’s largest internet search engine and a leading internet and technology company. Their goal is to provide easy access to information available online and to answer any questions Russian speaking users could have. They furthermore rely on their in-depth understanding of the Russian language, culture and internet market in order to give users a sophisticated web search and information retrieval services.
In May of 2011, the company filed for an IPO on NASDAQ under YNDX at $20 to $22 per share. The company hopes to raise $1.2 billion from the sale of 15, 400, 000 shares.
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