Hi, Welcome to another amazing blog. Today we will discuss about some famous companies that had their IPO in 1997.
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
Companies that had their IPO in 1997
1. Amazon
Amazon became a public company on May 15, 1997. They sold 3,000,000 shares for $18 each. On the first day of trading, the share price went up to $23.50. They made around $54 million from the sale. Amazon started as an online bookstore and now has grown into a huge online store with all kinds of stuff. They are a big player in online shopping, cloud computing, digital streaming and fancy artificial intelligence. They keep growing by coming up with new ideas, going to new places and getting more popular in different industries. It is one of the major companies that had their IPO in 1997.
2. American Capital
American Capital went public on May 19, 1997. They offered 4,000,000 shares for $15 each. The share price closed at $15.25 on first day. They raised about $60 million from the IPO. American Capital is a company that invests in different industries as a private equity and venture capital firm. Now, it’s known as Ares Capital Corporation after merging with another company. Ares Capital focuses on providing financial solutions to middle-sized companies and has the potential to take advantage of new investment opportunities. It is one of the major companies that had their IPO in 1997.
3. Cerus Corporation
Cerus Corporation became a public company on May 5, 1997. They offered 4,000,000 shares for $10 each. The share price closed at $8.88 on first day. From the IPO, they raised about $40 million. Cerus is a company that focuses on making blood safer by using special technologies to reduce pathogens. They are working hard to develop even better technologies to make blood transfusions safer all over the world. This means they have great potential for growth in the healthcare industry. It is one of the companies that had their IPO in 1997.
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4. ZTE
ZTE became a public company on October 23, 1997. They offered 140,000,000 shares for HKD 5.33 each. They raised about HKD 746.2 million. ZTE is a big company that makes telecommunications equipment and systems. They focus on developing 5G infrastructure, smartphones and other communication technologies. Even though they faced some challenges in the past, they are still an important player in the global telecommunications market. Their future growth depends a lot on how 5G technology keeps developing. It is one of the major companies that had their IPO in 1997.
5. EarthLink
EarthLink became a public company on March 20, 1997. They offered 4,000,000 shares for $13 each. The share price closed at whopping $24.88. Wow! They raised about $52 million from the IPO. EarthLink was a popular internet service provider that offered dial-up and broadband services. But now, it’s not a separate company anymore. Another company called Windstream Holdings bought it in 2017. They combined EarthLink’s services with their own to grow even more. It is one of the major companies that had their IPO in 1997.
6. United Rentals
United Rentals became a public company on December 9, 1997. They offered 6,000,000 shares for $14 each. The share price closed at $14.25 on first day. They made about $84 million from the IPO. United Rentals is a big company in the equipment rental industry. They rent out all sorts of construction and industrial equipment. They are still one of the top equipment rental companies and they have a great opportunity for more growth because many construction projects need rental solutions. It is one of the companies that had their IPO in 1997.
7. SL Green Realty
SL Green Realty became a public company on March 29, 1997. They offered 7,000,000 shares for $20 each. The share price closed at $22 on first day. They raised about $140 million from the IPO. SL Green Realty is a company that invests in real estate in New York City. They own and operate commercial properties there. They are still a big player in the New York real estate market and their future growth depends a lot on how well the commercial real estate sector performs. It is one of the companies that had their IPO in 1997.
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8. Kofax
Kofax became a public company on June 30, 1997. They offered 2,750,000 shares for $10 each. The share price closed at $9.63. They raised about $27.5 million from the IPO. Kofax is a company that makes smart automation software, like software that can capture documents and manage workflows. They are working on new and cool technologies for automation which are in high demand. This means they have good chances for more growth in the future. It is one of the companies that had their IPO in 1997.
9. Boston Properties
Boston Properties became a public company on June 30, 1997. They offered 12,500,000 shares for $24 each. The share price closed at $25.50. They raised about $300 million from the IPO. Boston Properties is a company that invests in and runs top-notch office buildings. They are a big player in the commercial real estate market. They own many Class A office properties in important U.S. cities which means they have a good chance of growing even more in the commercial property business. It is one of the major companies that had their IPO in 1997.
10. USWeb
USWeb became a public company on November 5, 1997. They offered 2,875,000 shares for $14 each. The share price closed at $11.38. They made about $40.25 million from the IPO. USWeb used to provide services for the internet and web development. But things changed later on – the company merged with CKS Group and became marchFIRST in 1999. Unfortunately, marchFIRST faced difficulties and went bankrupt. It was one of the companies that had their IPO in 1997.
Conclusion
So, here we listed companies that had their IPO in 1997. 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 1997.
Companies that had their IPO in 1997 related FAQs
What is list of Companies that had their IPO in 1997 ?
Some notable Companies that had their IPO in 1997 –
Boston Properties
Kofax
USWeb
Amazon
EarthLink
United Rentals
SL Green Realty
Cerus Corporation
American Capital
ZTE
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
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Disclaimer– This article is only for educational purposes. It is not investing advice.
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