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When Alibaba confirmed that it will bring its IPO to an American exchange, analysts predicted that it could be one of the largest Internet IPOs in U.S. history, surpassing Facebook Inc.'s (Nasdaq: FB) $16 billion.
The Biggest Internet IPOs in U.S. History
Facebook Inc. (Nasdaq: FB) holds the title of largest Internet IPO in U.S. history and was the third-largest U.S. IPO ever when it went public on May 17, 2012. FB raised more than $16 billion in its initial public offering. The social media stock was initially priced at $38 per share and dropped 58% in the first three months of trading. Following the early hiccup, FB stock rebounded and is up 76% from its initial offer price.
Twitter Inc. (NYSE: TWTR) went public about 18 months following Facebook and soared 63% in its first six weeks of trading. The offer price for TWTR stock was $26 per share, but the stock opened at $44 on Nov. 6, 2013. By the end of December, the stock was over $73 per share. While Twitter holds the distinction as second-largest Internet IPO, it lags far behind Facebook, having raised $1.8 billion.
Google Inc. (Nasdaq: GOOG) made its public debut on Aug. 18, 2004, and raised nearly $1.7 billion in its IPO. At the time that made it the largest Internet IPO in U.S. history. Google began trading at $85 a share, and investors who have held the stock during its nearly 10-year run have banked gains of more than 1,000%. Today, GOOG shares trade just over $1,100 each.
While the top three on this list of Internet IPOs were well-known for their IPO size, these next seven may surprise you…