New Delhi, December 8: Aramco IPO has become the world’s highest IPO so far. Let us look back and have a closer look at what are the biggest IPO’s so far.
1. Alibaba, 2014
The size of the deal spoke for itself. The most anticipated IPO in the recent history, Alibaba’s share sale smashed all the previous world record of $22.1 billion that Agricultural Bank of China had raised with its 2010 IPO in Hong Kong and Shanghai.
2. SoftBank, 2018
Multinational conglomerate SoftBank raised $23.5 billion via the IPO of its mobile unit in 2018, in Japan's largest stock offering. Softbank Corp just set the record for the biggest-ever IPO in Japan. The telecom unit of SoftBank Group raised $23.5 billion after selling extra stocks, coming within striking distance of the record $25 billion 2014 Alibaba IPO, making it the second biggest stock listing ever. Stocks were priced at 1,500 yen ($13) a piece. SoftBank Group is a Japanese multinational conglomerate and home to the Vision Fund, the biggest technology fund in the world.
3. Agricultural Bank of China, 2010
Agricultural Bank of China priced its Hong Kong and Shanghai dual listing a deal that broke all IPO records by raising more than $22 billion when adding in over-allotment shares. China’s third largest bank by assets was able to pull in strong demand for the IPO. Agricultural Bank raised $10.07 billion on the Shanghai exchange while netting $12.03 billion in Hong Kong, breaking the record of $22 billion raised by its larger domestic rival, Industrial and Commercial Bank of China, in 2006.
4. Industrial and Commercial Bank of China, 2006
Industrial and Commercial Bank of China went public in 2006, also trading on the Hong Kong and Shanghai markets. ICBC Bank, or Industrial and Commercial Bank of China listed on Shanghai Stock Exchange and the Hong Kong Stock on October 20, 2006, fetching a total of almost $19.1 billion. On January 19, 2007, ICBC exercised an overallotment option that allowed the company to lift its IPO to $21.9 billion, making it the world's third-largest IPO.
5. AIA, 2010
AIA Group, a unit of US insurance giant AIG, listed itself in 2010 on the Hong Kong exchange. A Hong Kong-based investment and insurance company, was offered to the public on October 21, 2010. It raised over $17.8 billion and became the largest independent, publicly listed pan-Asian life insurance group.