Finance Monthly - May 2023

14 Finance Monthly. Investment THE TOP 10 BIGGEST IPOS OF ALL TIME: Country Saudi Arabia Industry Energy IPO Year 2019 Funds Raised (USD) $25,600,000,000 Country China Industry Technology IPO Year 2014 Funds Raised (USD) $21,800,000,000 Country Japan Industry Banking IPO Year 2018 Funds Raised (USD) $21,300,000,000 Country Japan Industry Communication IPO Year 1998 Funds Raised (USD) $18,100,000,000 Country Hong Kong Industry Financial Services IPO Year 2014 Funds Raised (USD) $21,800,000,000 Country USA Industry Financial Services IPO Year 2009 Funds Raised (USD) $17,400,000,000 Country Italy Industry Utilities IPO Year 1999 Funds Raised (USD) $16,400,000,000 Country USA Industry Technology IPO Year 2012 Funds Raised (USD) $16,000,000,000 Country USA Industry Transport IPO Year 2010 Funds Raised (USD) $15,800,000,000 Country China Industry Financial Services IPO Year 2006 Funds Raised (USD) $14,000,000,000 OTHER FINDINGS: Amazon was the second quickest company to go public. Coca Cola was the slowest company to go public. Funded in 1892, it only went public in 1919, after 27 years. Coca-Cola was one of just four companies in the 25 largest to take more than 20 years to become public, another was its big rival Pepsi. The largest IPO of all time occurred in 2019 when Saudi Aramco oil company was floated. The offering generated over $25 billion in investment, beating the previous record holder by almost $4 billion. Aramco’s public market cap is almost $2 trillion - as of March 2023 - making it the third most valuable company in the world after technology giants Apple and Microsoft. Alibaba is a Chinese technology company founded by Jack Ma in 1999 which has gone on to become one of the most valuable companies in the world, it made over $100 billion in revenue in 2022. Its IPO generated almost $22 billion when it was floated on the New York Stock Exchange in 2014, a record for an IPO at the time. The SoftBank Group is a Japanese holding company which has interests in many different industries, including owning almost 24% of Alibaba. The SoftBank Corporation is an affiliate business that is the third-largest wireless carrier in Japan, and it was this wing of SoftBank which had the third-largest IPO in history in 2018. The offering made $21.3 billion, just $500 million less than Alibaba four years earlier.

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