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The New Kids on the Block: Companies that Had Their IPOs in 2016
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The year 2016 was marked by significant events in the stock market, with numerous companies making their public debut. In this article, we will take a closer look at the companies that had their IPOs in 2016, the biggest IPO of that year, and the IPO landscape in the following year.
Companies that Had Their IPO in 2016
2016 witnessed a total of 105 IPOs, raising a combined sum of around $18.8 billion. Some of the most notable companies that went public during that year include:
Twilio: The cloud communications platform made its debut in June 2016, raising approximately $150 million. The company's stock price surged on the first day of trading, making it one of the most successful tech IPOs of the year.
Line Corporation: This Japanese messaging app company went public in July 2016, raising over $1.1 billion. At the time, it was the largest tech IPO of the year and the biggest IPO from a Japanese company in the U.S. market.
Nutanix: The enterprise cloud platform provider raised approximately $238 million in its September 2016 IPO. Nutanix's stock price soared on its first day of trading, reflecting strong investor interest in the company.
Acacia Communications: The Maynard-based optical interconnect products manufacturer raised around $103.5 million in its May 2016 IPO. The company's stock price nearly doubled on its first day of trading.
Avalanche Biotechnologies: This clinical-stage biotechnology company raised about $162.5 million in its February 2016 IPO, focusing on developing gene therapies for rare eye diseases.
The Biggest IPO in 2016
The largest IPO of 2016 was the aforementioned Line Corporation, which raised over $1.1 billion in its public offering. The company's successful debut highlighted the potential of messaging apps and the growing interest in tech stocks from Asian markets.
IPO Landscape in 2017
In 2017, the IPO market saw a resurgence, with a total of 160 IPOs raising approximately $35.5 billion. Among the companies that went public in 2017, the best performer was Roku, Inc., a leading provider of streaming media devices and services. Roku's stock price soared more than 67% on its first day of trading, and the company raised about $219 million in its September 2017 IPO.
In Conclusion
The companies that had their IPOs in 2016 have had varying levels of success, with some like Twilio and Nutanix continuing to thrive and grow in their respective industries. These companies' stories provide valuable insights for investors looking to identify potential investment opportunities in the stock market.
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