Best 10 Companies that had their IPO in 1999

Hi, Welcome to another informatory blog. Today we will discuss about some prominent companies that had their IPO in 1999.

Companies that had their IPO in 1999

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

Companies that had their IPO in 1999

1. Goldman Sachs

Let’s start with Goldman Sachs. They went public on May 4, 1999. At that time, they sold 69 million shares for $53 each. By the end of the first day, the share price went up to $70.38. That’s a good start, right? They made a whopping $3.66 billion from the sale. Goldman Sachs is a big shot in the financial world, helping corporations, governments and individuals with their money. They are still doing great and planning to grow even more by offering new services, exploring new markets and using fancy financial technologies. It is one of the major companies that had their IPO in 1999.

2. Akamai Technologies

Akamai Technologies became public on October 29, 1999. They sold 9 million shares for $26 each and surprise. The price shot up to $145.19 on the first day. Wow. They made around $234 million from the IPO. Akamai is all about making the internet work better by delivering content and apps super fast and secure. They are still a big player in the cloud services industry and want to grow by improving their network, making things safer and keeping up with our need for quick online content. It is one of the major companies that had their IPO in 1999.

3. Expedia Group

Expedia Group had their IPO on December 21, 1999. They sold 5.2 million shares for $14 each and the price rose to $57.75 by the end of the day. They made about $72.8 million. Expedia is like your one-stop-shop for booking flights, hotels and car rentals. They are still a major player in the travel industry and want to expand even more by reaching new places, making their website better and giving us more awesome online travel options. It is one of the major companies that had their IPO in 1999.

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4. CIBC Bank USA

CIBC Bank USA used to be called The PrivateBank. They went public on June 23, 1999. They sold 2 million shares for $21 each and the price was $25.50 at the end of the day. They made about $42 million. CIBC Bank USA is a full-service commercial bank, helping out businesses and people with their money stuff. They are still serving customers in the United States and looking to grow by offering more banking services, listening to what people need and getting stronger in the market. It is one of the companies that had their IPO in 1999.

5. BlackRock

BlackRock became public on October 1, 1999. They sold 12.5 million shares for $14 each and the price was $18.375 at the end of the first day. They made around $175 million. BlackRock is a big name in the investment world, managing lots of people’s money. They are still a major player in the industry and want to grow by offering more kinds of investments, being more eco-friendly and expanding to other countries. It is one of the companies that had their IPO in 1999.

6. Ask.com

Ask.com, a cool search engine (formerly known as Ask Jeeves) went public on July 27, 1999. They sold 2.6 million shares for $14 each and the price ended up being $14.75. They made about $36.4 million. Ask.com is all about answering questions and giving us information. They are still around, trying to improve their search results, giving personalized answers and keeping up with how we search online. It is one of the companies that had their IPO in 1999.

7. Red Hat

Red Hat had its IPO on August 11, 1999. They sold 6 million shares for $14 each and the price shot up to $52.06. They made about $83.9 million. Red Hat is famous for its open-source software, like the Linux operating system. They are still doing great in that market and want to grow by offering more cloud computing stuff, embracing new tech and giving us awesome open-source solutions. It is one of the major companies that had their IPO in 1999.

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8. Future plc

Future plc became public on March 29, 1999. They sold a bunch of shares (60,714,286 to be exact) for £3.50 each. The closing price on the first day was £3.66. They made around £212.5 million. Future is a media company with cool magazines and websites for all kinds of people and businesses. They are still doing well and want to grow even more by offering digital stuff, exploring new markets and keeping us hooked with their engaging content. It is one of the companies that had their IPO in 1999.

9. Juniper Networks

Juniper Networks went public on June 25, 1999. They sold 4 million shares for $34 each and the price went up to $46.25 on the first day. They made about $136 million. Juniper Networks is all about networking solutions, making the internet work faster and better. They are still a big player in that industry and want to grow by making even better networking technology, helping with cloud-based stuff and getting more involved in telecommunications. It is one of the companies that had their IPO in 1999.

10. Nvidia

Nvidia had their IPO on January 22, 1999. They sold 3.5 million shares for $12 each and the price was $21.375 at the end of the first day. They made about $42 million. Nvidia is a tech company known for its graphics processing units (GPUs) and AI solutions. They are still a big deal in the computer world and want to grow even more by improving graphics technology, diving into AI and machine learning and meeting the demand for super powerful computers. It is one of the major companies that had their IPO in 1999.

Conclusion

So, here we listed the Companies that had their IPO in 1999. 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 1999.

Companies that had their IPO in 1999 related FAQs

What is list of Companies that had their IPO in 1999 ?

Some notable Companies that had their IPO in 1999 –
Goldman Sachs
Akamai Technologies
Expedia Group
CIBC Bank USA
BlackRock
Ask.com
Red Hat
Future plc
Juniper Networks
Nvidia

👉👉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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