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From Snap to Roku: Companies That Had Their IPO in 2017
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The year 2017 was a significant one for the stock market. It marked the emergence of several game-changing companies that chose to go public. These companies have since influenced various industries and investor portfolios. In this article, we’ll explore the companies that had their IPO in 2017.
Companies That Had Their IPO in 2017
Snap Inc: One of the most eagerly awaited IPOs of 2017 was that of Snap Inc., the parent company of the popular social media app, Snapchat. Snap Inc. debuted on the New York Stock Exchange in March, and at the time, it was the largest tech IPO since Alibaba in 2014. With an initial offering price of $17 per share, Snap raised $3.4 billion and achieved a market valuation of approximately $24 billion.
Roku Inc: Another exciting IPO of 2017 was Roku Inc., the company known for its streaming media players. Roku’s shares were initially priced at $14, and the company raised about $219 million in its September debut. Since its IPO, Roku has evolved from a hardware company to a significant player in advertising and content distribution.
Other Notable IPOs: Other companies that went public in 2017 include Blue Apron, a meal-kit delivery service, and Okta, a leading identity management company. The year also saw the IPOs of several biotech companies, such as AnaptysBio and Mersana Therapeutics.
How Many IPOs Were There in 2017?
2017 was a strong year for IPOs, particularly in the United States, where there were approximately 160 IPOs. This represented a significant increase compared to 2016, and collectively, these companies raised around $35 billion.
What Was the Best IPO in 2017?
While Snap Inc. was the most high-profile IPO, it faced several challenges post-IPO. Roku Inc., on the other hand, has been considered one of the best performing IPOs of 2017. Roku's stock price surged significantly since its IPO, rewarding investors with high returns.
What Was the Largest IPO in 2017?
Snap Inc. takes the crown for the largest IPO in 2017. Its high-profile debut was eagerly anticipated and generated a great deal of media attention. Raising $3.4 billion, Snap Inc. significantly surpassed other IPOs in terms of funds raised.
What Was the Biggest IPO of 2016?
In comparison to 2017, the biggest IPO of 2016 was ZTO Express, a Chinese logistics company, which raised $1.4 billion in its debut on the New York Stock Exchange. Learn more in our IPO article featuring 2016: The New Kids on the Block: Companies That Had their IPO in 2016.
In Conclusion
2017 was an exciting year for IPOs with several companies making their mark. Snap Inc. led the way in terms of size, but Roku Inc. has arguably been the best performer in terms of stock price growth. With the ever-changing nature of the market, it’s intriguing to look back at these IPOs and evaluate their ongoing impact and potential for future growth. Investors should keep an eye on the developments and performance of the companies that had their IPO in 2017 as they continue to evolve and shape their respective industries.
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