2019 is poised to be a hot year for IPOs. With ride-sharing company Lyft kicking things off, investors are anxiously awaiting other highly anticipated unicorns’ IPOs such as Uber, Airbnb, SpaceX, Pinterest, Slack and a handful of others expected to run out of the gate this year. Looking back on the past decade, these are the top 10 U.S. IPOs based on deal size at the time of debut, not including underwriter over-allotment.
1. Alibaba Group (BABA)
The Chinese e-commerce giants deal size was valued at a whopping $21.7 billion when it went public on September 19, 2014. Alibaba’s IPO is not only the biggest U.S. IPO in the last decade, but it is still the largest IPO in the world.
Shares were priced at $68 per share and opened at $92.70 before closing their first day of trading at $93.89. The stock fell 3% one year after its IPO but has surged over 170% since going public.
2. Facebook (FB)
Facebook’s debut on the public market on May 18, 2012 was one of the most highly anticipated IPOs over the past decade. The social media company’s deal size was valued at $16 billion at the time of its IPO and was priced at $38 per share. The Nasdaq’s technological glitches hampered Facebook’s first day of trading and shares closed flat at $38.23. As excited as investors were to get in on Facebook’s IPO, the first year of trading was rough. It was considered an epic IPO flop, as shares tumbled nearly 40% a little over a year after going public. Nevertheless, investors who stuck around were richly rewarded. The stock has soared nearly 360% since its IPO.
3. General Motors (GM)
This year will mark automaker General Motors’ 10-year IPO anniversary. GM had a hefty $15.8 billion offering valuation at the time of its IPO on November 18, 2010. Shares were priced at $33 and closed their first day of trading 3% higher at $34.19 per share. GM stock fell 34% in its first year of trading and is up a modest 18% since its debut.
4. HCA Healthcare (HCA)
HCA Healthcare’s IPO on March 10, 2011 was the largest health care IPO in the past decade. The company’s offering was valued at $3.8 billion at the time of its initial public offering and shares were priced at $30 per share. The stock closed its first day of trading at $31.02 per share and sank nearly 15% in its first year. Despite the tepid start, HCA has skyrocketed over 345% since its IPO.
5. Snap (SNAP)
Social media giant Snap was perhaps the most anticipated tech IPO since Facebook. It debuted on the public market on March 2, 2017 with a $3.4 billion deal size. Shares priced at $17 and closed their first day of trading at $24.48.
Snap jumped 5% in its first year, but has been on a precipitous decline. With a slew of executive departures, the company has been struggling to regain its footing as shares plunged 34% since its IPO.
6. Citizens Financial Group (CFG)
Citizens Financial Group went public on September 24, 2014 with a $3 billion deal size. Shares priced at $21.50 and closed their first day of trading at $23.08 and stayed relatively unchanged exactly one year later at $23.24. In the more than four years since the company has been public, the stock has jumped 59%.
7. Banco Santander México (BSMX)
In the same year as Facebook, Spanish bank Banco Santander’s Mexican unit debuted on the U.S. market on September 26, 2012 with a $2.9 billion deal size.
Shares were priced at $12.18 and closed the first day of trading up nearly 6% at $12.91. The bank’s stock rallied 17% in its first year, but has plunged more than 43% since its IPO.
8. Synchrony Financial (SYF)
Synchrony Financial’s initial public offering on July 31, 2014 was considered the biggest IPO of the year at the time with a deal size of $2.9 billion. Synchrony is the North American retail finance unit that was spun off of General Electric’s finance division. Shares priced at $23 and closed completely flat on its first day on the market. Since its IPO, the stock has risen 41%.
9. Kinder Morgan (KMI)
Oil and gas pipeline giant Kinder Morgan debuted on the New York Stock Exchange on February 11, 2011 with a $2.9 billion deal size. At the time, it was the largest private equity-backed IPO in U.S. history. Shares were priced at $30 and rose 3.5% on its first day of trading. One year post-IPO, the stock rallied nearly 8% but has since plummeted more than 33% since its debut.
10. Plains GP Holdings (PAGP)
On October 16, 2013, oil pipeline company Plains GP Holdings went public in the biggest U.S. IPO of 2013 with a $2.8 billion deal size. Shares priced at $22 and closed more than 166% higher at $58.67 per share. The energy company’s stock soared a whopping 228% one year after its public debut, but the stock has fallen back to Earth since then. Shares were up a more modest 14% since IPO.
Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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