Money and Markets

Here are the 11 largest IPOs of all time

Business Insider US
  • The IPO market is slowly recovering after its coronavirus slump, but no recent deal stacks up to the record-breaking debuts of the 2010s.
  • Seven of the top 11 IPOs took place in the 2010s, when unicorn startups and industry giants leveraged insatiable investor demand to rake in billions.
  • Here are the 11 largest IPOs in history, ranked in ascending order.
  • Visit the Business Insider homepage for more stories.

Initial public offerings are returning to the market after a pandemic-driven pause, but no recent deals have come close to setting fundraising records.

The IPO market reached a fever pitch in 2019, with unicorns including Uber, Lyft, Zoom, and Beyond Meat all going public as investors flocked to fresh offerings. Yet the frenzy calmed after a number of high-profile offerings flopped on their first trading days. The market replaced its desire for rapid growth with an appetite for profitability, and companies looking to leverage hype in massive IPOs turned back to the drawing board.

The shake-up follows a decade of record-setting market debuts. Of the 11 biggest IPOs by cash raised, seven took place in the 2010s. The largest offering to date was completed just before the decade ended and the coronavirus outbreak ravaged global stock markets.

Here are the 11 largest IPOs in history, ranked in ascending order of funds raised.

11. Facebook

Date: May 18, 2012

Amount raised: $16.0 billion

10. Enel

Date: November 2, 1999

Amount raised: $16.6 billion

9. NTT Docomo

Date: October 22, 1998

Amount raised: $18.1 billion

8. General Motors

Date: November 17, 2010

Amount raised: $18.2 billion

7. Visa

Date: March 18, 2008

Amount raised: $19.7 billion

6. AIA

Date: October 29, 2010

Amount raised: $20.5 billion

Read more:The most accurate analyst covering companies like Amazon says these 7 stocks are great bets for the future of e-commerce - even as the coronavirus bump fades

5. Industrial and Commercial Bank of China

Date: October 27, 2006

Amount raised: $21.9 billion

4. Agricultural Bank of China

Date: July 6, 2010

Amount raised: $22.1 billion

3. SoftBank

Date: December 19, 2018

Amount raised: $23.5 billion

2. Alibaba

Date: September 18, 2014

Amount raised: $25.0 billion

1. Saudi Aramco

Date: December 11, 2019

Amount raised: $29.4 billion

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