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The Biggest IPOs in History
Fremont: Initial Public Offering (IPO) or stock market launch is used by companies to raise capital and become publicly traded enterprises. When a famous company goes public, investors start queuing to get a piece of the company. Here are the biggest IPOs in the history.
Industrial and Commercial Bank of China
The Industrial and Commercial Bank of China (ICBC) raised $21.9 billion in 2006. The bank had a retail customer base of 153 million at the time of the IPO. Owing to heavy subscriptions, over-allotment placements were exercised, which took ICBS’s market value to 17 percent more than what was before the IPO. After the IPO, the free float of shares was 22.14 percent of the market capitalization. ICBC’s market capitalization at the end of the trade was at a staggering $156.3 billion. ICBC has over 106 overseas branches and agents globally and was ranked on as one of the world’s biggest public companies by Forbes.
