Hi, Welcome to another amazing blog. Today we will discuss about some famous companies that had their IPO in 1998.
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
Companies that had their IPO in 1998
1. NTT Docomo
NTT Docomo, a prominent telecommunications corporation, conducted its initial public offering on October 22, 1998. During the IPO, they issued an impressive 2.8 billion shares at a per-share price of ¥2,640, which ultimately closed at ¥2,840. This extraordinary offering resulted in a staggering ¥7.39 trillion in capital raised for the company. As a major player in the telecommunications domain, NTT Docomo is widely recognized for delivering top-notch mobile services and innovative solutions. They maintain a dominant position in the Japanese telecom market and harbor ambitious plans for the future. They are focusing on expansion of their 5G services, investments in IoT technologies and advancements in digital communication. It is one of the major companies that had their IPO in 1998.
2. Cognizant
Cognizant, a formidable IT services powerhouse, conducted its IPO on June 30, 1998 offering 5,280,000 shares at $16 per share. Remarkably, the share price surged to $21.75 on the first day, resulting in an impressive capital raise of approximately $84.48 million for the company. As a global leader in the IT services industry, Cognizant is renowned for its outstanding consulting, technology, and outsourcing solutions. Looking ahead, the company aims to capitalize on growth opportunities by leveraging artificial intelligence and automation, focusing on digital transformation services and expanding its presence in emerging markets. It is one of the major companies that had their IPO in 1998.
3. eBay
On September 24, 1998, eBay successfully launched its initial public offering. The company listed 3,500,000 shares at a price of $18 per share which impressively closed at $47.38. This IPO resulted in generating approximately $63 million in capital for eBay. As a preeminent player in the e-commerce domain, eBay provides a robust platform for users to engage in online buying and selling of goods. At present eBay continues to maintain its dominant position in the e-commerce market, facilitating connections between millions of buyers and sellers worldwide. It is one of the major companies that had their IPO in 1998.
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4. DoubleClick
DoubleClick is a pioneering digital advertising entity. It achieved its public status on February 11, 1998 through the successful listing of 3,000,000 shares at $17 per share. The closing price of share on first day was $24.88. This momentous initial public offering resulted in raising approximately $51 million in capital for DoubleClick. With a specialized focus on the digital advertising domain, the company offers state-of-the-art solutions tailored to meet the specific needs of marketers and publishers. As a subsidiary of Google within the Google Marketing Platform, DoubleClick occupies a prominent position in the rapidly expanding digital advertising landscape. It is one of the major companies that had their IPO in 1998.
5. Verisign
On January 29, 1998 Verisign accomplished its initial public offering. The company listed 3,500,000 shares at a per-share price of $14 achieving an impressive closing value of $34.44. This momentous IPO resulted in raising approximately $49 million for Verisign. Distinguished for its expertise in the internet infrastructure domain, Verisign specializes in providing domain name registry and internet security services. Presently, the company retains a pivotal role in the field of internet security, managing numerous top-level domains. Verisign is committed to expanding its cybersecurity solutions, fortifying the DNS infrastructure and exploring emerging internet technologies. It is one of the major companies that had their IPO in 1998.
6. Quanta Services
Quanta Services successfully launched its initial public offering on February 5, 1998. The company sold an extensive 10 million shares at a price of $15 per share with the closing price standing at $14.63 by the end of the day. This impressive IPO resulted in a substantial capital raise of $150 million for Quanta Services. Operating in the infrastructure services sector, the company specializes in providing tailored solutions for electric power, natural gas and telecommunications. Quanta Services has earned a prominent reputation within the industry, becoming a recognized name. Their comprehensive offerings encompass planning, engineering, and the execution of vital infrastructure projects. It is one of the companies that had their IPO in 1998.
7. Ultimate Software
Ultimate Software holds a substantial position in the HR software industry. On February 5, 1998, the company successfully conducted its initial public offering by listing 3,500,000 shares at a per-share price of $8. The closing value reached $9.63. This notable IPO resulted in raising approximately $28 million in capital for Ultimate Software. Specializing in cloud-based human capital management solutions, the company serves a wide array of clients across the globe. Ultimate Software is dedicated to expanding HR analytics, integrating AI capabilities into their software and adapting to the evolving HR requirements in the digital era. It is one of the companies that had their IPO in 1998.
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8. Amdocs
Amdocs successfully went public on June 30, 1998. The company listed 7,700,000 shares at a price of $15 per share, closing at $11.44. This momentous initial public offering resulted in raising approximately $115.5 million in capital for Amdocs. Specializing in the telecommunications domain, Amdocs delivers comprehensive solutions for communications service providers, encompassing billing, customer experience and network management services. Amdocs maintains a substantial market share and sets its sights on exploring digital transformation services. It aims at seizing 5G network-related opportunities and expanding its global presence within the telecommunications industry. It is one of the companies that had their IPO in 1998.
9. BlackBerry Limited
BlackBerry Limited is a renowned mobile communications company. It successfully conducted its initial public offering on February 7, 1998. The company listed 3,750,000 shares at a per-share price of $8.75, ultimately closing at $8.06. This significant IPO resulted in raising approximately $32.8 million in capital for BlackBerry. While formerly celebrated for their smartphones and secure communication solutions, BlackBerry has strategically redirected its focus towards cybersecurity and enterprise software services. BlackBerry is dedicated to fortifying their cybersecurity offerings, leveraging opportunities in IoT security and expanding their software portfolio to cater to the needs of enterprise clients. It is one of the companies that had their IPO in 1998.
10. Inovio Pharmaceuticals
Inovio Pharmaceuticals is a distinguished biotechnology company that specializes in the development of DNA-based immunotherapies and vaccines. On November 19, 1998, the company successfully commenced its initial public offering, listing 2,100,000 shares at a price of $6.25 per share. The closing value of share was $5.88. This pivotal IPO generated approximately $13.13 million in capital for Inovio. Driven by a profound commitment to vaccine research, particularly in combating infectious diseases, Inovio actively pursues advancements in the field of immunotherapy. Inovio plans to further enhance its immunotherapy pipeline, establish strategic partnerships for clinical development and make significant contributions to global health by creating innovative vaccines. It is one of the companies that had their IPO in 1998.
Conclusion
So, here we listed companies that had their IPO in 1998. 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 1998.
Companies that had their IPO in 1998 related FAQs
What is list of Companies that had their IPO in 1998 ?
Some notable Companies that had their IPO in 1998 –
BlackBerry Limited
NTT Docomo
Cognizant
eBay
Inovio Pharmaceuticals
Ultimate Software
Quanta Services
Amdocs
DoubleClick
Verisign
👉👉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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