What are some of the companies that had their IPO in 2003? If you decide to go for the IPO for your business, you have to know the current listing and other relevant info about those companies that had their IPO in 2003. That way, you can judge if it is a good time for your own company to do its first IPO. After all, there is no sense in doing that when it would not even get the attention it deserves from potential investors because similar companies are doing much better than yours. We’ve compiled a list of all publicly traded companies that had their IPO recently so you can get a better feel for which companies are performing the best.
8 Companies That Had Their IPO in 2003
The year 2003 was a big one for IPOs. It was the first time in more than a decade that companies went public in such large numbers. Also, it it was also the first time that technology stocks were a major part of the IPO market. Here’s a look at some of the companies that had their IPO in 2003:
The SAP Sales Cloud, originally CallidusCloud, is a Dublin, California-based enterprise software and software as a service (SaaS) provider. The company sells software and solutions for deep understanding, management consulting, and sales execution. The company raised US$70 million in its initial public offering. On the Nasdaq National Market in November 2003 under the stock ticker CALD.
Callidus Cloud acquired the name Litmos after obtaining it in June 2011. After being purchased by SAP in 2019, the product was renamed SAP Litmos.
2. NII Holdings
The American holding firm NII Holdings, Inc. offered mobile telecommunications solutions in Brazil under the Nextel brand through its subsidiary Nextel Telecomunicaçes Ltda. In Brazil, NII ran 3G UMTS/HSDPA and 4G LTE services. Up to its closure in 2018, the company also ran an iDEN network there.
The only remaining subsidiary of NII Holdings, its Brazilian division, was sold to América Móvil on December 18, 2019. A Certificate of Dissolution was submitted by the business to the State of Delaware on January 13, 2021.
NII Holdings was on the Fortune 500 and Barron’s 500 lists in 2012 for the third year in a row. The Great Place to Work® Institute has also identified NII as one of the top workplaces among multinational corporations in Latin America.
After declaring bankruptcy for the first time under chapter 11 in May, NII Holdings emerged from bankruptcy on November 12, 2002, with Nextel owning 36% of the reorganized business. In 2003, NII Holdings started trading an NII on NASDAQ as NIHD after repairing its bankruptcy.
3. Orbitz Worldwide, Inc.
A travel metasearch engine and website that aggregates travel prices. Orbitz Worldwide, Inc., an Expedia Corporation subsidiary, is the website’s owner. The Citigroup Center in Chicago, Illinois serves as its principal office. Orbitz registered to sell stock in an IPO in November 2003 for a price of $22 to $24 per share. On December 18, 2003, the business went public for a $26 share price. The airlines had 70% of the outstanding shares and more than 90% of the votes cast following the IPO.
Cendant Corporation, with headquarters in New York City, purchased Orbitz on September 29, 2004, for $1.25 billion. $27.50 was paid by Cendant per share.
An online website called Travelzoo posts offers from more than 2,000 local businesses, including restaurants and spas, as well as travel and entertainment-related ones. It has 25 offices around the world and 28 million members in Europe, North America, and Asia-Pacific.
Former print and television journalist Ralph Bartel, the company’s creator, invested $10,000 to create Travelzoo.com in October 1998. Travelzoo emailed one million of its American subscribers and issued its inaugural Top 20 in September 2000. Travelzoo started public listing on the NASDAQ SmallCap Market in December 2003 under the ticker symbol “TZOO.”
5. Whiting Petroleum
Specifically in the Three Forks Shale and the Bakken Formation, Whiting Petroleum Corporation was a company involved in hydrocarbon exploration. Its administrative headquarters are in Denver, Colorado, but the foundation took place in Delaware.
About 326.0 million barrels of oil equivalent were present in the company’s proved reserves as of December 31, 2021. Of which 58% were petroleum, 20% were natural gas liquids, and 22% were natural gas. Through an IPO that raised more than $400 million, the business went public in 2003. Assets in the North Ward Estes field were purchased by the business for $459 million in 2005. 2016 saw the $300 million sale of the property.
6. Trip. com Group Limited
Chinese international internet travel agency Trip. com Group Limited offers services such as hotel booking, ticketing for transportation, packaged tours, and corporate travel management. The organization, which came into being in 1999, is the owner and operator of several online travel firms, such as Trip.com, Qunar, Travix, Skyscanner, and Ctrip.
It is now one of the biggest travel company worldwide and China’s leading online travel agency (OTA). In a 2003 Merrill Lynch-led selling, the company went public on the NASDAQ through a Cayman Islands-based variable interest entity (VIE). Earning US$75 million from the sale of 4.2 million American depositary receipts at a price of $18 apiece. On its first trading day, it gained 86% to close at $33.94 per ADR.
7. Insyde Software
A company called Insyde Software offers engineering support services. It also offers UEFI system firmware primarily to OEM and ODM computer and component device makers. Their headquarters are in Taipei, and they are trading on the Gre Tai Market in Taiwan. They also have offices in Massachusetts, Westborough, Oregon, and Portland. The market value of the company’s common stock is currently somewhere about $115 million.
Since the two businesses embarked on a cooperative development agreement in 2001, UEFI has grown to be the cornerstone of Insyde’s company. Inside first shipment of the technology came in October 2003 as InsydeH2O UEFI BIOS. On the GreTai Securities Market (GTSM) in Taipei, Taiwan, Insyde Software launched its initial public offering on January 23, 2003.
8. Majesco Entertainment
Located in Hazlet, New Jersey, Majesco Entertainment Company is an American creator and retailer of video games. The business was initially the Majesco Sales in Edison, New Jersey, in 1986. It was privately held up until it acquired ConnectivCorp in a flip merger takeover. Being its subsidiary and subsequently becoming a public corporation on December 5, 2003. On April 13, 2004, Majesco Holdings Inc. replaced ConnectivCorp as the company’s name.
Majesco Entertainment officially stopped all video game activities on December 8, 2016. As a result of PolarityTE, Inc.’s acquisition of the company on December 1, 2016. Which was another reverse merger takeover.
The conclusion, however, is quite visible here. For the investors who got in on the IPO of any of the companies on this list in 2003, they will positively be feeling great about their investment choices. They did everything right. They chose a solid company that they believed would prevail and they looked at their options with a lot of patience and care.