Hi, Welcome to another amazing blog. Today we will discuss about some famous companies that had their IPO in 1996.
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
Companies that had their IPO in 1996
1. Acer Inc
Acer is a prominent technology company. They initiated their public offering on September 27, 1996. They put forth 125 million shares at TWD 43.60 per share. However, the closing price of the shares ended up at TWD 40.10, resulting in a total raised capital of approximately TWD 5.45 billion. Acer is renowned for its production of computers, laptops, tablets, monitors and various other electronic devices. Their dedication to research and development has been instrumental in maintaining competitiveness in the rapidly evolving tech industry. Moreover, Acer has strategically expanded its presence in emerging markets, solidifying its position as a global leader in the technology sector. It is one of the major companies that had their IPO in 1996.
2. Pegasystems
On July 29, 1996, Pegasystems went public as a company. They made available 5 million shares at a rate of $16 per share. However, The share price rose to $19.75, resulting in a successful capital raise of approximately $80 million. Pegasystems specializes in developing software that aids businesses in managing customer service and operations. Their solutions streamline processes, boost efficiency and enhance the overall customer experience. By harnessing advanced technologies like artificial intelligence and automation, Pegasystems enables organizations to remain agile and adapt to the ever-changing market demands. Their commitment to innovation and customer-centricity has earned them a prominent position as an industry leader. It is one of the companies that had their IPO in 1996.
3. Hub Group
Hub Group initiated its public share offering on October 3, 1996. They made available 6.9 million shares at a price of $22 per share. The closing price settled at $21.38 leading to a total capital raise of approximately $151.8 million. Hub Group is a company that specializes in providing comprehensive transportation and logistics services to businesses. They utilize advanced technology and digital tools to ensure smooth operations and punctual deliveries. Hub Group’s dedication to sustainability is apparent through their eco-conscious practices, making them an appealing option for environmentally aware businesses. Hub Group continuously expands its reach and strengthens its position in the fiercely competitive logistics market. It is one of the major companies that had their IPO in 1996.
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4. E-Trade
E-Trade made its debut as a publicly traded company on August 16, 1996. During the offering, they made 4.6 million shares available at a price of $14.50 per share. However The shares closed at $15.25 resulting in a successful capital raise of approximately $66.7 million. E-Trade operates as an online company, offering investment and financial services to individuals. Their user-friendly online platform empowers users to effectively manage their portfolios and make well-informed decisions. Following its acquisition by Morgan Stanley, E-Trade now enjoys greater resources to improve its services and pursue further expansion. It is one of the companies that had their IPO in 1996.
5. Viasat (American company)
Viasat initiated its public share offering on February 15, 1996. They made available 6 million shares at a price of $16 per share. The closing price settled at $55.03 leading to a total capital raise of approximately $96 million. Viasat operates as a company that delivers high-speed internet and communication services using satellite technology. Their dependable internet connectivity serves both residential and commercial clients including airlines, military and government entities. Viasat’s unwavering commitment to pushing technological boundaries has enabled them to provide faster speeds and more extensive coverage. It is one of the companies that had their IPO in 1996.
6. SS&C Technologies
On May 17, 1996, SS&C Technologies went public as a company. They made available 3.75 million shares at a price of $15 per share. The closing price settled slightly higher at $15.25 resulting in a total capital raise of about $56.25 million. SS&C Technologies specializes in developing software for financial services and investment management. Their comprehensive range of products assists financial institutions in streamlining their operations, managing risk and delivering exceptional services to their clients. By harnessing data-driven insights and automation, SS&C Technologies empowers investment professionals to maintain their competitiveness in a rapidly changing market. It is one of the companies that had their IPO in 1996.
7. Stericycle
Stericycle initiated its public share offering on May 12, 1996. They made available 4.6 million shares at a price of $15 per share. The closing price reached $18 resulting in a total capital raise of approximately $69 million. Stericycle operates as a company that assists businesses and healthcare facilities with waste management. They offer safe and environmentally sustainable solutions for handling hazardous and medical waste, ensuring compliance with regulations and minimizing the impact on the environment. Stericycle’s commitment to sustainability is evident through their innovative waste disposal methods and advanced recycling practices. It is one of the companies that had their IPO in 1996.
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8. Lithia Motors
On December 13, 1996, Lithia Motors made its initial public offering. During the IPO, they offered 2.8 million shares at a price of $13.50 per share. The closing price reached $15.50 resulting in a total capital raise of approximately $37.8 million. Lithia Motors is a prominent automobile retailer with an extensive network of dealerships across the United States. They offer both new and used cars, in addition to providing car repair and maintenance services. In the car retail industry, Lithia Motors holds a significant position and continues to expand by acquiring other companies and pursuing its organic growth strategies. It is one of the companies that had their IPO in 1996.
9. Ingram Micro
Ingram Micro initiated its public share offering on April 1, 1996. They made available 20 million shares at a price of $18 per share. At the end of the trading session, the closing price reached $23.625 resulting in a successful capital raise of approximately $360 million. Ingram Micro serves as a significant technology distributor, assisting businesses with hardware, software and supply chain management. With an extensive global network and a strong supply chain, they ensure efficient product delivery and excellent customer support. They maintain their significance in this industry and continue to grow by expanding their array of products and services. It is one of the companies that had their IPO in 1996.
10. Lycos
Lycos made its debut as a publicly traded company on May 14, 1996. They made available 5 million shares at a price of $16 per share. The closing price at the end of the day reached $21.375 resulting in a successful capital raise of approximately $80 million. Lycos was one of the pioneering internet search engines and web portals, offering a variety of services such as search, email, news and forums. Despite the ever-changing internet landscape, Lycos continues to offer valuable online information and entertainment. They continuously adapt to emerging trends and user preferences, ensuring their relevance as a dynamic player in the online space. It is one of the companies that had their IPO in 1996.
Conclusion
So, here we listed companies that had their IPO in 1996. Some have become dominant market players. IPOs have significantly influenced the financial landscape by providing companies with access to public markets and capital for growth, while also offering investors the chance to partake in the success of promising ventures. However, going public through an IPO entails its own challenges and responsibilities. By comprehending the process, advantages, disadvantages, and alternative paths, both investors and companies can make well-informed decisions and successfully navigate the exhilarating journey to public ownership. Now, let’s explore some frequently asked questions about companies that had their IPO in 1996.
Companies that had their IPO in 1996 related FAQs
What is list of Companies that had their IPO in 1996 ?
Some notable Companies that had their IPO in 1996 –
Ingram Micro
Lycos
Hub Group
E-Trade
SS&C Technologies
Stericycle
Acer Inc.
Pegasystems
Lithia Motors
Viasat (American company)
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
Top 10 Companies that had their IPO in 2012, 2013, 2014, 2016, 2017, 2018, 2019, 2020
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Disclaimer– This article is only for educational purposes. It is not investing advice.
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