How many companies had their IPO in 2018? The IPO market is being overwhelmed by Technology sectors and this year is no different. Among 184 companies offering 36 companies are from the tech department. IPO index has tumbled by almost 20% since October but tech IPOs performance continued to boost.
173 companies went public within the first three quarters of 2018. The year’s IPO market was occupied by the life science sector, pharmaceutical, media, telecommunication, as well as technology companies.
Taking the company public is a big decision with huge maintenance and also a significant milestone for any company. Firstly, the inevitable purpose is to raise money. Which consequently leads to going for risky large-scale ownership with a larger group of investors. Keeping this fact in mind every year many companies are making their entry into the IPO market. because everyone is hoping to hit a big deal.
12 Companies That Had Their IPO in 2018
The list of 12 IPO companies in 2018 is down below, let’s have a look at them.
Pinduoduo
Pinduoduo made an IPO blast this year. It is a Chinese tech company that provides a smart system to promote and also develop the typical agriculture industry. In addition, this platform enhances the shopping experience of farmers with consumers directly. Pinduoduo was founded in 2015 and started serving as an online agricultural product retailer. This service gained more than 881 million active users. Farmers directly supply their food and agricultural items to the users via Pinduoduo.
Pinduoduo went public in 2018 and listed offering on the NASDAQ stock exchange. Their offering value was $1.6 billion at $19 per share. As a result, in the initial public offering, they proposed 8.56 million American depository shares.
Dropbox
Dropbox is an American file hosting and sharing service. The company is headquartered in San Francisco, California. Dropbox offers file sharing, cloud storage, client application, as well as personal cloud storage maintenance. This platform also brings files and folders together in one central storage on the user’s computer. Drew Houston and Arash Ferdowsi co-founded Dropbox in 2007, who were MIT students. Dropbox access has been denied in China since 2014.
Dropbox listed its initial public offering in 2018 on the NASDAQ stock exchange. They set the price of each share at $21 but opened at $29. Their offering was therefore estimated to raise $648 million.
Docusign
DocuSign, Inc. is an American tech company that offers to serve electronic as well as online agreements. It also provides an electronic signature (eSignature) that users can manage on different devices. The company spread its service across 180 countries with 1 million customers and more than 100 million normal users. DocuSign’s eSignature follows the regulations of the US Esign Act. DocuSign was co-founded by Court Lorenzini, Tom Gonser and Eric Ranft in 2003
DocuSign filed for its initial public offering in April 2018. The company raised around $629.3 million, pricing the share value at $29 per share. Their offering price range was $24-$26.
Pivotal Software
Pivotal Software is a wide range multinational software development and service company from America. The company also serves cloud hosting and consulting facilities. Their headquarters is located in San Francisco, CA. The company was founded in 2012. This company’s majority share is acquired by Dell.
Pivotal Software announced its initial public offering in 2018. They set the share price at $15 but raised it at about $555. After IPO collection, the company’s total market cap was more than $3 billion.
Bilibili
Bilibili is a Chinese video-sharing platform also known as a B site. The company’s headquarters is in Shanghai. Bilibili Website allows users to submit, upload, view, as well as to voice-over commentary on video content. This platform was founded by Xi Yun in 2009. This website gained more than $50 million users worldwide. Bilibili broadcasts various themed videos such as anime, dance, music, science, documentary, movie, video games, and many more.
Bilibili became public in 2018, on the New York Stock exchange. Their offering share was 42 million at $11.50 per stock price. Bilibili therefore raised almost $483 million.
SolarWinds
SolarWinds is an American software development company. They offer to support and manage their systems networks as well as information tech infrastructure. The company’s headquarters is in Austin, Texas. Solarwinds acquired some other companies, those still operating by their original name. The company has around 300,000 active customers. Solarwind started its journey in 1999 in Oklahoma which was founded by two brothers named Donald Yonce and David Yonce.
In 2018, SolarWind’s plan was to raise $756 million in its initial public offering on the New York stock exchange. The company’s initial offering was 42 million shares with a price range $17 to $19.
Tilray Inc
Tilray is a Pharmaceutical company. The company conducts, processes, and also distributes cannabis medicine products. Their headquarters is in New York. In addition, Tilray spread business across New Zealand, Australia, Canada, and Latin America. It was founded in 2014. Tilray was firstly a subsidiary of Privateer Holdings which was the first licensed producer based in Canada. The company then received a cannabis industry fund in 2014. Therefore, it became the first cannabis company to proceed with a clinical trial that was approved by Health Canada.
In July 2018, Tilray became public on the NASDAQ stock exchange. Their IPO value surged by 850%. But the company’s IPO fundraising was $153 million at $17 per stock.
BJ’s Wholesale Club Holdings, Inc.
It is an American chain warehouse club based on membership. BJ Wholesale Club Holding’s headquarters is in Westborough, Massachusetts. They operate company activities on the East Coast, Michigan, as well as Ohio. This company began as a chain department discount store named Zayre in 1984.
BJ Wholesale Club Holding listed its an initial public offering in 2018 on the NASDAQ stock exchange. The company’s IPO amount was $733. 13 million at $17 per stock.
Kiniksa Pharmaceutical Ltd.
Kiniksa is a biopharmaceutical company that operates clinical stage activities. It works on the research and development of therapeutic medicines and also commercializes them for debilitating diseases patients. Kiniksa has a highly skilled and dedicated team to deliver the best relevant therapies to suffering patients. The company was founded in 2015 in Bermuda.
Kiniksa pharmaceutical Ltd. became public in 2018 by announcing 2,400,000 A class common shares at 18.25 per share. Kiniksa’s IPO size was around $153 million.
Dell Technologies
Dell is an American multinational tech company. In 2016 Dell and EMC corporation merged which formed Dell technologies. The company manufactures computer software, laptops, smartphones, server equipment, computer, and network security services. Their headquarters are located in Round Rock, Texas.
Dell completed their initial public offering on the New York stock exchange in 2018. Their share opening was at $46, with a $16 billion market evaluation.
Xiaomi Corporation
Xiaomi Corporation is a Chinese technology device manufacturing company. The company develops and manufactures electronic devices, software for their device, and home appliances. Xiaomi is the second largest smartphone producer company worldwide. Their smartphones are based on MIUI Os, the system developed by Xiaomi.
Xiaomi Corp debuted in the Hong Kong initial public offering in 2018. The company’s proposed share was 2.18 billion at HK$17 to HK$22. Xiaomi raised around $HK 23.97 billion ($3.05 billion) in the initial offering.
Opera
Opera is a multinational tech company based in Norway. The company’s renowned product is its Opera web browser. They also operate Opera News, YoYo Games, and fintech services. Opera has around 380 million active users.
On July 27, 2018, Opera became public on the NASDAQ stock exchange. They priced 9,600,000 shares at $12 per share in its initial public offering. Opera raised about $115 million in Ipo funding.
Conclusion
This year’s initial public offering record was not bad. A total of 191 companies listed their initial public offering and IPO fundraising was around $46,8 billion.
