Data presented by Trading Platforms indicates that 2020’s top ten IPOs raised about $21.57 billion in total. The figure is at least 8.5 times less compared to the top ten biggest IPOs in history that cumulatively raised about $184.65 billion.
IPOs raise significant amount despite pandemic
Vacation rental platform Airbnb had the largest IPO of 2020 after raising $3.51 billion, representing about 16.2% of the total amount raised by the top ten IPOs last year. Delivery service Doors Dash ranks second with $3.37 billion followed by Snowflakes at $3.36 billion.
Big data analytics company Palantir had the fourth-highest IPO at $2.57 billion followed by Warner Music Group that raised $1.93 billion.
Rocket Companiesriased $1.8 billion followed by Chinese electric vehicle manufacturer Xpeng that raised $1.5 billion followed by Unity Software with $1.3 billion. Healthcare firm GoodRx Holdings raised $1.14 billion. Chinese electric vehicle manufacturer Li Auto had the tenth biggest IPO raising $1.09 billion.
“In general, 2020 was a boom for IPOs with notable drivers, including the rise of special purpose acquisition company (SPAC). SPACs are more established with high-profile companies going public through this vehicle. Other drivers include the focus on technology, e-commerce, and healthcare that provided solutions in the course of the pandemic. Furthermore, companies listed last year benefited from low-interest rates, eventual economic recovery, and a rollout of vaccines.”
The Trading Platform research overviewed the ten biggest IPOs in history where Saudi Aramco ranks top at $25.6 billion. Online retail giant Alibaba ranks second at $21.77 billion followed by Softbank Corp at $21.35 billion. NTT Mobile ranks fourth after raising $18.1 billion while Visa raised $17.86 billion.
Insurance firm AIA raised $17.78 billion followed by ENEL SpA at $16.45 billion while social media giant Facebook ranks eight at $16.01 billion. General Motors is ninth with $15.77 billion. In the tenth spot Industrial and Commercial Bank of China Limited (ICBC) raised about $13.96 billion in 2006.
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