The Top 10 U.S. Tech IPOs

U.S. Tech IPOs: Three Stocks from 2020 Break into the Top Ten

2020 was an eventful year for IPOs despite the economic hardships caused by COVID-19. Over $300 billion was raised in U.S. equity markets, with companies from the tech sector generating a significant amount of hype.

Among these companies were Airbnb, DoorDash, and Snowflake, all of which raised over $3 billion. To put this into perspective, let’s look at the 10 biggest U.S. tech IPOs of all time.

The Top 10 U.S. Tech IPOs

Airbnb, DoorDash, and Snowflake muscled their way into the top 10, raising a combined $10.3 billion dollars in the second half of 2020.

Rank Company IPO Date Amount Raised (USD billions)
1 Facebook May 2012 $16.0
2 Uber May 2019 $8.1
3 Agere Systems March 2001 $4.1
4 Snap March 2017 $3.9
5 Airbnb December 2020 $3.5
6 Snowflake September 2020 $3.4
7 DoorDash December 2020 $3.4
8 Lyft March 2019 $2.6
9 Altice USA June 2017 $2.2
10 Twitter November 2013 $2.1

Not adjusted for inflation.

More than eight years after going public, Facebook (FB) maintains a sizable lead over industry peers. The $16.0 billion IPO by the social networking company is also the second largest in U.S. business history, falling only shy of the $17.9 billion raised by Visa in March 2008.

The Airbnb IPO

Airbnb is an online vacation marketplace that connects vacationers with “hosts” who offer accommodations for short-term booking. Since its creation in 2008, Airbnb has grown in size and influence, disrupting the hotel industry in the process.

Airbnb’s (ABNB) IPO raised $3.5 billion by selling 51.5 million Class A shares at $68 each. Airbnb shares closed 112% higher after their first day of trading on December 10, a sign of strong investor optimism.

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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

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