Biggest IPOs in US History

Initial public offering (IPO) is the process by which a private company goes public by selling its stock to general public. Many companies in the US have raised money through IPO.

IPO is an excellent opportunity for any business because it infuses capital that helps the company grow. Here is a brief overview of the top 10 biggest IPOs in the history of United States as of 2014, ranked according to their proceeds.

10) Goldman Sachs – $3.7 Billion

Goldman Sachs Group, Inc. (NYSE: GS) is a American multinational investment banking firm that engages in global investment banking, investment management, securities and other financial services. It went public on May 3 1999. The decision to go public was one on which the partners debated for decades. Finally they decided to offer only a small portion of the company to the public.

9) HCA Holdings – $3.8 Billion

Hospital Corporation of America (NYSE: HCA) went public on March 9 2011. HCA is an American for-profit operator of health care facilities. It is the largest of its kind in the world.

8) The Travelers Companies – $3.9 Billion

The Travelers Companies (NYSE: TRV) is an American insurance company. It went public on March 21 2002. With a market cap of more than $31 billion, it is one of the leading companies in the industry.

7) CIT Group – $4.6 Billion

CIT Group Inc. (NYSE: CIT) went public on July 1 2002. This United States financial holding company’s IPO came in below its expected price range. The company sold 200 million shares at $23 each, below its $25-$29 price range, via co-lead underwriters Goldman Sachs and Lehman Brothers.

6) United Parcel Services – $5.5 Billion

After 92 years as a private company, the parcel delivery giant United parcel Services (NYSE: UPS) went public on November 9 1999. It is one of the largest shipment and logistics companies in the world.