Underwriters of largest all-time global IPOs 2022 | Statista (2024)

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Underwriters of largest all-time global IPOs 2022 | Statista? ›

Underwriters of largest IPOs globally 2022

Underwriters of largest IPOs in the U.S. 2023

At almost 22 billion U.S. dollars in deal size, Alibaba's IPO in 2014, underwritten by Credit Suisse, was the largest initial public offering (IPO) in the United States, followed by Visa's 2008 IPO, underwritten by JP Morgan.

The initial public offering (IPO) of Saudi Aramco, the Saudi Arabian multinational petroleum and natural gas company, on the Tadawul in December 2019, was the largest public offering globally ever as of December 2023. The IPO of Saudi Aramco raised approximately 25.6 billion U.S. dollars.

Saudi Aramco

IPO Capital raise: $25.6 billion. Current valuation (2023): $1.93 trillion. The largest IPO of all time somewhat unsurprisingly goes to Saudi Arabian oil giant, Saudi Aramco.

An “underwriter,” in a firm commitment underwritten IPO, is typically an investment bank who buys the shares from the company and resells them to the public. The “bookrunners” are the lead underwriters, who are in charge of the process. There are also “co-managers,” who have smaller roles.

The underwriter helps the company prepare for the IPO, considering issues such as the amount of money sought to be raised, the type of securities to be issued, and the agreement between the underwriter and the company. The underwriting agreement can take a number of different shapes.

The Dutch East India Co. holds the distinction of being the first company to offer equity shares of its business to the public, effectively conducting the world's first initial public offering (IPO). It also played an integral role in modern history's first stock market crash.

Which IPO failed in 2022? ›

For the year 2022, omnichannel payment solution provider AGS Transact Technologies was the worst-performing IPO with a 63% negative return. Delhivery (33%), Inox Green Energy (31%), LIC (28%) and Abans Holdings (25%) stood as the worst performing IPO in the calendar year 2022.

At nearly 22 billion U.S. dollars, the 2014 initial public offering (IPO) of Alibaba Group Holding Limited remains the largest IPO in the United States ever.

Alibaba was originally characterized as China's answer to Amazon. The company went public in the U.S. by listing on the NYSE in September 2014. Many believe that Alibaba's founders chose to go public in the U.S. to retain control of the company.

In 2021, there were 1,035 initial public offerings (IPOs) in the United States. In 2022 and 2023, however, the number of IPOs dropped to 181 and 154 respectively.

Slack, ZipRecruiter, Squarespace, Asana, Palantir, Roblox, Watford and Coinbase are recent examples. And in September 2021, online data management company Amplitude and eyeglass retailer Warby Parker made their debuts on U.S. exchanges through direct listings instead of an IPO.

Largest IPOs in the U.S. as of 2023

At nearly 22 billion U.S. dollars, the 2014 initial public offering (IPO) of Alibaba Group Holding Limited remains the largest IPO in the United States ever.

The lead manager or merchant banker is a SEBI registered financial institutions. They play the most critical role in the IPO process. The book running lead manager work closely with the company from day one until the IPO shares get listed at the stock exchanges.

One of the primary roles of an IPO underwriter is to determine the risks associated with a public issue. The success or failure of an IPO can have long-term ramifications on the issuing company's operations and business. For example, it may not be able to generate the required amount and may suffer a loss of face.

In a best efforts underwriting, the underwriters do not agree to purchase all of the securities from the issuer. Underwriters agree to use their best efforts to sell the securities and act only as an agent of the issuer in marketing the securities to investors.