The Top 10 Web IPOs of all time -- pre-Facebook, that is (images)
The Top 10 Web IPOs of all time (pre-Facebook, that is)
It wasn't long ago that the investment community was unsure if there would ever be a resurgence in IPOs. Just a few years ago, companies that, back in the late 1990s, would have jumped at going public, were balking at the idea, deciding instead to focus their efforts on growing and eventually being bought out. It was believed by some that another great Web IPO might not come along for many years.
But now, Facebook is set to change that. And by doing so, it will surpass some of the most prominent companies to ever bring services to the online world.
In the following slides, we're going to take a look at the largest Web IPOs in history, courtesy of a list compiled by Renaissance Capital, an investment-research firm that specializes in IPOs.
As one might expect, some of the latest big IPOs are included in the list, including those from Google and Zynga, but other, prominent companies you might expect to see won't be there. Renaissance's list is arranged by the biggest deal size in history, giving some additional sway to more recent IPOs that garnered huge cash in their opening.
So, without further adieu, flip your way through the slides to find out which Web companies posted the largest IPOs in history.
Business: Google is the world's largest search company.
IPO date: August 18, 2004
Cash raised: $1.67 billion
Stock performance: Since its IPO, Google's shares are up 481 percent.
Business: Yandex is the largest search engine in Russia.
IPO date: May 23, 2011
Cash raised: $1.3 billion
Stock performance: Since its IPO, Yandex shares are down 43 percent.
Photo by: Yandex
Business: Infonet Services provided managed data communications services to well over 1,000 companies worldwide.
IPO date: December 15, 1999
Cash raised: $1.08 billion
Stock performance: Infonet Services is no longer in operation as a standalone company.
Photo by: SEC.gov
Shanda Games Limited
Business: Shanda Games is a China-based online-game developer.
IPO date: September 24, 2009
Cash raised: $1.04 billion
Stock performance: Shanda shares are down a whopping 58 percent since its IPO.
Photo by: Shanda Games
Business: Zynga develops a host of popular social online games, including FarmVille and CityVille.
IPO date: December 15, 2011
Cash raised: $1 billion
Stock performance: Zynga shares are down 13 percent since its IPO.
Photo by: Zynga
Giant Interactive Group
Business: Giant Interactive is a China-based online-game developer.
IPO date: October 31, 2007
Cash raised: $887 million
Stock performance: Since its IPO, Giant Interactive's stock has lost 73 percent of its value.
Photo by: Giant Interactive
Business: Renren is often called the "Facebook of China," providing a social network to users in that country.
IPO date: May 3, 2011
Cash raised: $743 million
Stock performance: Renren's shares are down nearly 63 percent since its IPO.
Photo by: Renren
Business: Groupon provides daily deals to customers across the United States.
IPO date: November 3, 2011
Cash raised: $700 million
Stock performance: Groupon has watched its stock lose 50 percent of its value since it went public.
Photo by: Groupon
Business: Orbitz Worldwide delivers online-travel searching and booking services.
IPO date: July 19, 2007
Cash raised: $510 million
Stock performance: Orbitz's shares have dropped 74 percent since the company held its IPO.
Business: Barnesandnoble.com allowed visitors to buy books online, in competition with Amazon.
IPO date: May 24, 1999
Cash raised: $450 million
Stock performance: Barnesandnoble.com is no longer a standalone company listed on the stock market.
Photo by: Screenshot by Don Reisinger/CNET
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