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Class of 2013: A Journey Through the IPO Landscape of 2013
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The year 2013 was a pivotal period in the world of business and finance. The global economy was recovering from the 2008 financial crisis, and companies were eager to capitalize on the renewed investor confidence. Among these were several game-changers and industry disruptors that chose 2013 to make their mark on the stock market. This article takes you on an insightful journey through the companies that had their IPO in 2013 and examines how they have fared over the years.
Companies That Had Their IPO in 2013
The year was marked by a surge in IPO activities across various sectors. Technology and social media were particularly prominent, with one social media giant stealing the spotlight.
Twitter's Grand Entry
Twitter, the social media giant, made its IPO in November 2013. It was undoubtedly the most anticipated and biggest IPO of the year. The company initially priced its shares at $26, but due to high demand, they opened at $45.10 and closed at $44.90 on the first day of trading. Twitter's IPO was viewed as a litmus test for other social media companies contemplating going public.
Note: Twitter was acquired by Elon Musk in October 2022. Twitter was then taken private and rebranded to X.
Other Notable IPOs in 2013
While Twitter hogged the headlines, several other companies also made their stock market debut in 2013. Some of these include:
Hilton Worldwide Holdings, the global hospitality company, which raised over $2.3 billion in its IPO.
Zoetis, an animal health company spun off from Pfizer, which raised $2.2 billion.
Veeva Systems, a cloud-computing company for the life sciences industry, saw its stock price more than double on its first day of trading.
A Glimpse Into 2014
In comparison to 2013, the subsequent year, 2014, witnessed an even more impressive list of companies going public. The biggest IPO of 2014, and indeed in history, was Alibaba. The Chinese e-commerce giant raised an astonishing $25 billion in its IPO in September 2014.
Some of the Companies that Went Public in 2014:
Alibaba, as mentioned, with its record-breaking IPO.
GoPro, the action camera company.
LendingClub, the peer-to-peer lending company.
The Legacy of the Class of 2013
Looking back, the companies that had their IPO in 2013 played a significant role in shaping investor sentiment and the stock market landscape. Twitter’s successful IPO signaled that social media companies could have sustainable business models. Companies like Veeva Systems and Zoetis displayed that niches within the tech and health sectors could be highly lucrative. Hilton’s successful public offering indicated that the traditional sectors like hospitality were back on investors' radar post the financial crisis.
In Conclusion
The year 2013 was a bellwether for the IPO market, particularly in the United States. The successful debuts of social media and technology companies set the stage for other companies to enter the market in subsequent years. As the global economy continued its recovery, the IPO market thrived, with 2014 seeing even more significant public offerings. The class of 2013 will always be remembered as one of the catalysts that revived the IPO market and paved the way for the subsequent IPO boom.
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