Five largest IPOs


The internet has been abuzz with the news that Facebook filed its initial public offering (IPO) on Wednesday, initially seeking to raise $5 billion.

The company is valued between $75 billion to $100 billion, according to The Wall Street Journal.

More on GlobalPost: Facebook IPO filed, company aims to raise $5 billion

Claims that Facebook might be the biggest IPO in history prove unsustainable when compared to the five largest IPOs in history. It might however be the one of the largest technology IPOs, around six times that of Google, according to The Washington Post.

The five largest IPOs on record are:

1. Agricultural Bank of China (2010, $22.1 billion)
China’s third largest bank set the current record for one of the largest initial public offerings in 2010 when it offered $22.1 billion. It has a major presence in Beijing and rural China, and was the last of the major banks in China to go public.

2. Industrial and Commercial Bank of China (2006, $19.1 billion)
China’s largest commercial bank, ICBC set the record for largest IPO in 2006, and was listed simultaneously on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.

3. NTT DoCoMo (1998, $18.4 billion)
Japan’s largest provider of mobile phone and data services went public in Tokyo in 1998, setting a new record with its $18.4 billion initial public offering.

4. Visa (2008, $17.9 billion)
Visa is the largest IPO from the United States and did extremely well in its March 18, 2008 public offering despite coinciding with the beginning of the financial collapse.

5. Enel (1999, $16.58 billion)
Ente Nazionale per L'Energie Elettrica is Italy’s largest electric power company, and the state offered more than 30 percent of the company in the 1999 offering. 

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