Best 10 Companies that had their IPO in 1998

Hi, Welcome to another informatory blog. Today we will discuss about some prominent companies that had their IPO in 1998.

Companies that had their IPO in 1998
Companies that had their IPO in 1998

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

Companies that had their IPO in 1998

1. NTT Docomo

NTT Docomo, a telecom giant, went public on October 22, 1998. They offered a whopping 2.8 billion shares at a price of ¥2,640 per share, eventually closing at ¥2,840. This amazing IPO raised a staggering ¥7.39 trillion for the company. NTT Docomo is a major player in the telecommunications domain, providing top-notch mobile services and solutions. As of now, they continue to dominate the Japanese telecom market and have ambitious plans for the future including expanding their 5G services, investing in IoT technologies and innovating digital communication. It is one of the major companies that had their IPO in 1998.

2. Cognizant

Cognizant, an IT services powerhouse, had its IPO on June 30, 1998. They offered 5,280,000 shares at $16 per share. The share price closed at $21.75 on first day. The IPO raised approximately $84.48 million for the company. Cognizant is a global leader in the IT services industry, delivering outstanding consulting, technology and outsourcing solutions. Looking ahead, they are set to capitalize on growth opportunities by leveraging AI and automation, focusing on digital transformation services and expanding their presence in emerging markets. It is one of the major companies that had their IPO in 1998.

3. eBay

eBay went public on September 24, 1998. They listed 3,500,000 shares at $18 per share, closing at an impressive $47.38. The IPO generated around $63 million for eBay. The company’s primary domain is e-commerce, providing a platform for users to buy and sell goods online. Presently, eBay remains a dominant force in the e-commerce market, connecting millions of buyers and sellers worldwide. As they look to the future, eBay aims to enhance user experiences, diversify product offerings and take full advantage of the booming e-commerce landscape. It is one of the major companies that had their IPO in 1998.

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4. DoubleClick

DoubleClick is the digital advertising pioneer that became public on February 11, 1998. They listed 3,000,000 shares at $17 per share, closing at $24.88. The IPO resulted in raising approximately $51 million for the company. DoubleClick operates in the digital advertising domain, providing cutting-edge solutions for marketers and publishers. Now operating as a subsidiary of Google within the Google Marketing Platform, DoubleClick is at the forefront of the digital advertising boom. They are focused on enhancing data analytics capabilities and meeting the evolving needs of the advertising industry. It is one of the major companies that had their IPO in 1998.

5. Verisign

Verisign had its IPO on January 29, 1998. They listed 3,500,000 shares at $14 per share, closing at an impressive $34.44. Verisign raised around $49 million through the IPO. Specializing in the internet infrastructure domain, Verisign offers domain name registry and internet security services. Today Verisign remains a key player in internet security, managing several top-level domains. They look forward to expanding their cybersecurity solutions, securing the DNS infrastructure and venturing into emerging internet technologies. It is one of the major companies that had their IPO in 1998.

6. Quanta Services

Quanta Services had its IPO on February 5, 1998. They sold a massive 10 million shares at $15 per share and the share price was $14.63 at the end of the day. They made a whopping $150 million from the IPO! Quanta Services is a company that works in the field of infrastructure services. They offer special services for things like electric power, natural gas and telecommunications. They have become a big name in the industry. They provide all sorts of solutions, from planning and engineering to taking care of important infrastructure projects. It is one of the companies that had their IPO in 1998.

7. Ultimate Software

Ultimate Software is a significant player in the HR software industry. They had its IPO on February 5, 1998. They listed 3,500,000 shares at $8 per share, closing at $9.63. The IPO raised around $28 million for the company. Ultimate Software specializes in cloud-based human capital management solutions, serving numerous clients worldwide. Moving forward, Ultimate Software aims to expand HR analytics, incorporate AI into their software and cater to the evolving HR needs in the digital era. It is one of the companies that had their IPO in 1998.

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8. Amdocs

Amdocs is a telecommunications software provider. They went public on June 30, 1998. They listed 7,700,000 shares at $15 per share, closing at $11.44. The IPO raised approximately $115.5 million for Amdocs. Operating in the telecommunications domain, Amdocs offers solutions for communications service providers, including billing, customer experience and network management services. Presently Amdocs retains a significant market share and plans to explore digital transformation services, 5G network-related opportunities and expand their global telecom presence. It is one of the companies that had their IPO in 1998.

9. BlackBerry Limited

BlackBerry Limited is a well-known mobile communications company which had its IPO on February 7, 1998. They listed 3,750,000 shares at $8.75 per share, closing at $8.06. The IPO raised around $32.8 million for BlackBerry. While once renowned for their smartphones and secure communication solutions, BlackBerry has shifted its focus to cybersecurity and enterprise software services. Looking forward, they intend to strengthen their cybersecurity offerings, capitalize on IoT security and expand their software portfolio for enterprise clients. It is one of the companies that had their IPO in 1998.

10. Inovio Pharmaceuticals

Inovio Pharmaceuticals is a biotechnology company specializing in DNA-based immunotherapies and vaccines. They went public on November 19, 1998, listing 2,100,000 shares at $6.25 per share, closing at $5.88. The IPO raised approximately $13.13 million for the company. Inovio is actively engaged in vaccine research particularly in combating infectious diseases. As they look ahead Inovio plans to advance its immunotherapy pipeline, forge strategic partnerships for clinical development and make significant contributions to global health through innovative vaccines. It is one of the companies that had their IPO in 1998.

Conclusion

So, here we listed the Companies that had their IPO in 1998. 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 1998.

Companies that had their IPO in 1998 related FAQs

What is list of Companies that had their IPO in 1998 ?

Some notable Companies that had their IPO in 1998 –
NTT Docomo
Cognizant
eBay
DoubleClick
Verisign
Quanta Services
Ultimate Software
Amdocs
BlackBerry Limited
Inovio Pharmaceuticals

👉👉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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