Best 10 Companies that had their IPO in 1997

Hi, Welcome to another informatory blog. Today we will discuss about some prominent companies that had their IPO in 1997.

Companies that had their IPO in 1997
Companies that had their IPO in 1997

👉👉If you want to know about basics of IPO then Read it – What is an IPO ?👈👈

Companies that had their IPO in 1997

1. Amazon

Amazon went public on May 15, 1997. They listed 3,000,000 shares at $18 per share. The share price on first day closed at $23.50. The IPO raised approximately $54 million. Amazon started as an online bookstore and evolved into a global e-commerce giant offering a vast range of products and services. Currently, Amazon is a dominant player in e-commerce, cloud computing, digital streaming and artificial intelligence. Its future growth potential remains strong due to its continuous innovation, expansion into new markets and increasing market share in various industries. It is one of the major companies that had their IPO in 1997.

2. American Capital

American Capital’s IPO took place on May 19, 1997. They listed 4,000,000 shares at $15 per share. The share price on first day closed at $15.25. The IPO raised approximately $60 million. American Capital operates as a private equity and venture capital firm, investing in various industries. Presently, the company is known as Ares Capital Corporation following a merger. Ares Capital continues to focus on providing financing solutions to middle-market companies and has the potential to capitalize on emerging investment opportunities. It is one of the major companies that had their IPO in 1997.

3. Cerus Corporation

Cerus Corporation had its IPO on May 5, 1997. They listed 4,000,000 shares at $10 per share. The share price on first day closed at $8.88. The IPO raised approximately $40 million. Cerus specializes in developing and commercializing blood safety solutions, including pathogen reduction technologies. Currently, Cerus remains dedicated to advancing its innovative technologies to improve the safety of blood transfusions globally, indicating promising growth prospects in the healthcare industry. It is one of the companies that had their IPO in 1997.

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4. ZTE

ZTE went public on October 23, 1997. They listed 140,000,000 shares at HKD 5.33 per share. The IPO raised approximately HKD 746.2 million. ZTE is a leading telecommunications equipment and systems provider, focusing on developing 5G infrastructure, smartphones and other communication technologies. Despite facing challenges in the past, ZTE continues to be a significant player in the global telecommunications market and its future growth potential is closely tied to the ongoing development of 5G technology. It is one of the major companies that had their IPO in 1997.

5. EarthLink

EarthLink had its IPO on March 20, 1997. They listed 4,000,000 shares at $13 per share. The share price on first day closed at $24.88. The IPO raised approximately $52 million. EarthLink was a prominent internet service provider (ISP) offering dial-up and broadband services. Presently, the company no longer exists as an independent entity. It was acquired by Windstream Holdings in 2017. EarthLink’s former services have been integrated into Windstream’s operations, contributing to the growth of the combined entity. It is one of the major companies that had their IPO in 1997.

6. United Rentals

United Rentals went public on December 9, 1997. They listed 6,000,000 shares at $14 per share. The share price on first day closed at $14.25. The IPO raised approximately $84 million. United Rentals is a major player in the equipment rental industry, providing a wide range of construction and industrial equipment on rent. Currently, United Rentals remains a leading equipment rental company and has the potential for further growth driven by the ongoing demand for rental solutions in the construction sector. It is one of the companies that had their IPO in 1997.

7. SL Green Realty

SL Green Realty had its IPO on March 29, 1997. They listed 7,000,000 shares at $20 per share. The share price on first day closed at $22. The IPO raised approximately $140 million. SL Green Realty is a real estate investment trust (REIT) focusing on owning and operating commercial properties in New York City. Presently, SL Green Realty continues to be a prominent player in the New York real estate market and its future growth potential is closely tied to the performance of the commercial real estate sector. It is one of the companies that had their IPO in 1997.

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8. Kofax

Kofax went public on June 30, 1997. They listed 2,750,000 shares at $10 per share. The share price on first day closed at $9.63. The IPO raised approximately $27.5 million. Kofax specializes in providing intelligent automation software solutions, including document capture and workflow management. Currently, Kofax continues to develop innovative technologies in the automation space, catering to the growing demand for intelligent automation solutions, indicating favorable prospects for future growth. It is one of the companies that had their IPO in 1997.

9. Boston Properties

Boston Properties had its IPO on June 30, 1997. They listed 12,500,000 shares at $24 per share. The share price on first day closed at $25.50. The IPO raised approximately $300 million. Boston Properties is a real estate investment trust (REIT) focusing on owning and operating Class A office properties. Presently, Boston Properties remains a prominent player in the commercial real estate market, with a strong portfolio of office properties in key U.S. markets, signaling favorable growth potential in the commercial property sector. It is one of the major companies that had their IPO in 1997.

10. USWeb

USWeb went public on November 5, 1997. They listed 2,875,000 shares at $14 per share. The share price on first day closed at $11.38. The IPO raised approximately $40.25 million. USWeb provided internet consulting and web development services. Currently, the company no longer exists under the USWeb name. It merged with CKS Group to become marchFIRST in 1999, but the company faced challenges and eventually went bankrupt. The growth potential of USWeb, therefore, is no longer applicable as a separate entity in today’s market. It is one of the companies that had their IPO in 1997.

Conclusion

So, here we listed the Companies that had their IPO in 1997. Some of them have become dominant market players now. IPOs have significantly influenced the financial landscape by allowing companies to access public markets and raise capital for growth. They provide opportunities for investors to participate in the success of promising companies. However, going public through an IPO also brings challenges and responsibilities. By understanding the process, advantages, disadvantages and alternative paths, investors and companies can make informed decisions and successfully navigate the exciting journey to public ownership. Now let us see some frequently asked questions about Companies that had their IPO in 1997.

Companies that had their IPO in 1997 related FAQs

What is list of Companies that had their IPO in 1997 ?

Some notable Companies that had their IPO in 1997 –
Amazon
American Capital
Cerus Corporation
ZTE
EarthLink
United Rentals
SL Green Realty
Kofax
Boston Properties
USWeb

👉👉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. Please concern your financial advisor before any investment.

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