Hi, Welcome to another amazing blog. Today we will discuss about some famous companies that had their IPO in 2001.
👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈
Companies that had their IPO in 2001
1. Accenture
On July 19, 2001, Accenture had IPO where they offered 35,689,725 shares to the public, priced at $14.50 per share. By the end of the first trading day, the closing price had risen to $15.17, leading to a remarkable achievement as the IPO raised an astounding $1.7 billion! Accenture, a global professional services company, caters to various industries worldwide by providing consulting, technology and outsourcing services. To ensure future growth, Accenture aims to expand its digital capabilities, embrace emerging technologies and deliver innovative solutions that drive transformative changes in businesses. It is one of the major Companies that had their IPO in 2001.
2. KPMG Consulting (Now BearingPoint Inc.)
On February 8, 2001, KPMG Consulting made a significant decision to offer a portion of its company to the public. They sold approximately 4,250,000 shares at a price of $18.00 per share. By the end of the first trading day, the closing price had risen to $19.60. This IPO brought in an impressive $76.5 million in earnings. KPMG Consulting, once a consulting and professional services firm, faced financial difficulties later on and declared bankruptcy in 2009. As a result, the company was acquired by different entities and it no longer exists independently. It is one of the major Companies that had their IPO in 2001.
3. Seagen (Formerly Seattle Genetics)
On March 2, 2001, Seagen took a big step forward and became a publicly traded company by selling some of its shares to the public. They offered around 6,000,000 shares at a price of $8.00 per share. However, the closing price had slightly declined to $7.75. This successful IPO raised approximately $48 million for Seagen. Seagen is a remarkable company that focuses on developing medicines for cancer treatment. They have achieved significant success and are known for their important cancer drugs. To continue growing, Seagen aims to enhance their cancer treatments further and make them accessible to more people worldwide. It is one of the Companies that had their IPO in 2001.
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4. Prudential Financial
Prudential Financial had its IPO on November 30, 2001. They sold a massive 110,000,000 shares at a price of $27.50 per share. However the closing price was slightly lower at $26.25. Nevertheless, this IPO was a tremendous success raising a whopping $3.03 billion for Prudential Financial. Prudential Financial is known for providing essential services like insurance and retirement plans to people. They have earned widespread recognition and have customers all around the world. To continue growing, Prudential Financial aims to expand its range of services and utilize technology more effectively to serve their clients better. It is one of the major Companies that had their IPO in 2001.
5. PDF Solutions
On December 13, 2001, PDF Solutions made its debut as a public company, selling approximately 6,000,000 shares at $12.00 each. Although the closing price on the first day was $11.44, the IPO still raised around $72 million. PDF Solutions is a key player in the computer chip industry, known for providing vital solutions. To fuel their growth, they strive to further improve chip quality and expand their customer base globally. It is one of the major Companies that had their IPO in 2001.
6. Axon Enterprise (Formerly TASER International)
On June 9, 2001, Axon Enterprise decided to go public and offered about 4,500,000 shares at $7.00 each. Although the closing price on the first day was $6.81, the IPO still raised approximately $31.5 million. Axon Enterprise is an innovative company that provides specialized tools for police and safety personnel. They are thriving in their field and have ambitious plans for growth, aiming to expand their range of safety products and incorporate cutting-edge technology to further enhance their offerings. It is one of the Companies that had their IPO in 2001.
7. MediaTek
On July 23, 2001, MediaTek took its place as a public company, offering approximately 9,000,000 shares at $11.00 each. With the closing price on the first day reaching $12.09, the IPO successfully raised around $99 million. MediaTek plays a crucial role in manufacturing essential components for phones and other devices, and they excel in their domain. Their aspiration is to continue expanding their influence by embracing novel technologies and venturing into new markets ensuring further growth and success for the company. It is one of the major Companies that had their IPO in 2001.
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8. Global Payments
On February 1, 2001, Global Payments made a significant move by offering around 8,500,000 shares at $17.00 each to the public. With the closing price on the first day reaching $19.00, the IPO raised an impressive sum of approximately $144.5 million. Global Payments is renowned for providing electronic payment solutions to numerous businesses. As a prominent player in this field, they aspire to expand even further. The aim to achieve this by adopting cutting-edge payment technologies and collaborating with more companies across the globe to meet the evolving needs of the digital payment landscape. It is one of the major Companies that had their IPO in 2001.
9. Transcend Information
Transcend Information had its IPO on September 27, 2001. They offered approximately 35,000,000 shares at $60.00 each to the public. The IPO raised a substantial amount. Transcend Information plays a crucial role in the computer industry, manufacturing specialized products such as memory and storage devices. Their significance in this field is undeniable and their goal is to continue growing by creating even more advanced and reliable data storage solutions to cater to the needs of people worldwide. It is one of the Companies that had their IPO in 2001.
10. Select Medical
On October 5, 2001, Select Medical went public by offering approximately 28,000,000 shares at $10.00 each. The IPO raised $280 million. Select Medical is a prominent company that provides specialized healthcare services to people in need. They operate numerous hospitals and clinics ensuring quality care for their patients. Their ambition is to expand further by establishing more healthcare facilities and offering a wider range of healthcare services. This expansion will enable them to remain a key player in the ever-important healthcare sector, serving and supporting communities across various regions. It is one of the Companies that had their IPO in 2001.
Conclusion
So, here we listed companies that had their IPO in 2001. 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 2001.
Companies that had their IPO in 2001 related FAQs
What is list of Companies that had their IPO in 2001 ?
Some notable Companies that had their IPO in 2001 –
Transcend Information
Select Medical
Accenture
KPMG Consulting
PDF Solutions
Axon Enterprise
Seagen
Prudential Financial
Global Payments
MediaTek
👉👉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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