The 10 Largest IPOs of U.S. Companies on Record

This story has been updated from February 2012. It was originally published in November 2010. 

Will Uber go public this year? That seems to be the big question by investors wondering if they will be able to cash in on the private ride-sharing company's estimated valuation of $62.5 billion.

Uber was hailed one of the top initial public offering prospects for 2016, but its looking less likely that the company will complete the offering before the year is up. CEO Travis Kalanick has continued to push back any notion of an IPO, but investors could force it to ultimately go public, according to Real Money's Anders Keitz.

But, if Uber does complete an IPO, would it be able to break the top 10 largest offerings in the U.S.? Alibaba (BABA - Get Report) was certainly the largest U.S.-listed offering on record. The Chinese e-commerce company raised $25 billion in its September 2014 IPO.

Here's a look at the 10 largest offerings by U.S. companies listed on the New York Stock Exchange or Nasdaq on record, according to Dealogic. 

HCA Holdings
HCA Holdings

HCA Holdings (HCA - Get Report) , the parent company of the Hospital Corporation of America, underwent an IPO in March 2011, raising $4.4 billion, after being taken private in 2006.

HCA, the second-largest hospital chain in the U.S., operates and owns 168 hospitals and 116 freestanding surgery centers, including 164 general hospitals, acute care hospitals, three psychiatric hospitals and one rehabilitation hospital, the Nashville-based company says. It also has operations in the U.K.

Stock performance: Shares of HCA Holdings are up 18.8% in 2016. HCA's first day of trading was March 10, 2011.

Conoco
Conoco

Conoco's predecessor, The Continental Oil and Transportation Co., dates back to 1875. The oil and gas company survived through the years and was a major supplier to the U.S. during World War II, but eventually fell on hard times from the 1970s oil crisis. Chemicals giant DuPont eventually acquired the company as a white knight in 1981 to save it being gobbled by Seagram Co.

Conoco was eventually spun off in October 1998. The IPO, priced at $23 a share, raised $4.4 billion.

In 2002, Conoco merged with Phillips Petroleum to form ConocoPhillips (COP - Get Report) . The larger company spun off its downstream business in May 2012, calling the new separate company Phillips 66 (PSX - Get Report) . ConocoPhillips retains the exploration and production operations.

Stock performance: Shares of ConocoPhillips are down 12.7% in 2016. Conoco's first day of trading was Oct. 22, 1998.

The Blackstone Group
The Blackstone Group

Blackstone (BX - Get Report) became a public company in June 2007 when it raised $4.8 billion in a much-talked about IPO.

Blackstone's IPO was controversial because it was one of the largest private equity firms to look to the public markets for capital amid a so-called frothy market that was starting to show signs of trouble and ultimately led to a global recession. As well a bulk of the IPO proceeds went to Blackstone's founders, including co-founder, Chairman and CEO Stephen Schwarzman.

Blackstone had priced its IPO aggressively at $31 a share, and while the stock made strong gains during its first day of trading, the shares could not hold on to the gains, especially as the market began to crumble.

Stock performance: Shares of Blackstone are down 6.3% in 2016. Blackstone's first day of trading was June 22, 2007.

CIT Group
CIT Group

CIT Group (CIT - Get Report) , the commercial finance company, underwent an initial public offering in July 2002 after being spun off from Tyco International, in which it raised $4.9 billion.

But the financial crisis proved troublesome for CIT, which ultimately changed into a bank holding company so that it could accept an injection from the Troubled Asset Relief Program in late 2008. CIT ultimately declared bankruptcy in November 2009 and was also delisted from the NYSE. However, it was approved for reorganization plans a month later.

Stock performance: Shares of CIT Group are down 12% in 2016. CIT Group's first day of trading was July 2, 2002.

United Parcel Service
United Parcel Service

UPS (UPS - Get Report) had one of the largest IPOs of its time.

In November 1999, it raised $5.5 billion. The Atlanta-based logistics and delivery company is easily identified by its brown parcel trucks. The company also has store franchises, named the UPS Store, after acquiring Mail Boxes Etc. in 2001. UPS' primary competitors are FedEx (FDX - Get Report) and DHL Express, but Amazon (AMZN - Get Report) has been making strong headways on the carriers' turf.

United Parcel Service's predecessor dates back to 1907.

Stock performance: Shares of UPS are up 14.7% in 2016. UPS' first day of trading was Nov. 10, 2009.

Kraft Foods
Kraft Foods

Kraft Foods priced at $31 a share when Philip Morris (now Altria Group) spun it off in June 2001, raising $8.7 billion. Philip Morris acquired the company in 1988.

In 2012, Kraft split into two independent public companies -- its North American grocery business and its larger global snacks business named Mondelez International (MDLZ - Get Report) .

In July 2015, the company completed its merger with Heinz to create the Kraft Heinz (KHC - Get Report) company backed by Warren Buffett and 3G Capital.

Stock performance: Shares of Kraft Heinz are up 21.1% in 2016. Kraft Foods' first day of trading was June 13, 2001.

Kraft Heinz is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells KHC? Learn more now.

AT&T Wireless Services
AT&T Wireless Services

AT&T Wireless debuted in a public offering in April 2000, raising a whopping $10.6 billion at the time. The IPO was meant to separate the telecom company's mobile and landline phone business one month after the dot-com bubble burst.

In 2004, AT&T Wireless was acquired by Cingular, a joint venture between SBC Communications and BellSouth. SBC also acquired the original AT&T the following year. The wireless provider was eventually folded back in. The entire conglomerate was renamed AT&T (T - Get Report) .

Stock performance: Shares of AT&T are up 25.2% in 2016. AT&T Wireless' first day of trading was April 27, 2000.

Facebook
Facebook

Facebook's (FB - Get Report) much-anticipated IPO had the tech industry buzzing. It is the second-largest technology IPO (behind Alibaba) and the fifth-largest IPO in the U.S. on record, according to Dealogic. The social media giant raised $16 billion when it went public in May 2012. Shares were priced at $38 a share -- the top of the already raised share price range.

Despite the hype, Facebook's stock stumbled out of the gate due to a number of technical glitches at the Nasdaq. The stock closed at $38.23 and spent the rest of 2012 and much of 2013 below its offering price.

More recently, the company is firing on all cylinders under the leadership of founder and CEO Mark Zuckerberg, with help from the acquisitions of Instagram, WhatsApp and virtual reality platform Oculus Rift. The stock closed at $121 on Friday, July 22.

Stock performance: Shares of Facebook are up 15.6% in 2016. Facebook's first day of trading was May 18, 2012.

Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB? Learn more now.

General Motors
General Motors

General Motors (GM - Get Report) ended up raising $18.1 billion in its November 2010 IPO, making it the third-largest U.S.-listed IPO, according to Dealogic.

GM filed for bankruptcy in June 2009 and was delisted from the New York Stock Exchange at the time. The company relisted its stock under the venerable ticker GM on the NYSE.

Stock performance: Shares of General Motors are down 5.4% in 2016. General Motors' first day of trading was Nov. 18, 2010.

Visa
Visa

Visa's (V - Get Report) IPO in March 2008 was a big gamble considering that the markets had crumbled just months earlier. But despite the market forces surrounding the IPO, it was one of the most talked about and highly demanded initial public offerings in years. Visa garnered a record-breaking $19.65 billion in the IPO, when all was said and done.

For context, Visa underwent the offering in a year when just 46 U.S. IPOs were completed. The Visa IPO accounted for two-thirds of the total U.S. IPO volume in 2008, according to Dealogic.

Investors were eager to buy shares of the San Francisco-based electronic payments processor, particularly as it boasted double-digit growth rates as Visa and its smaller rival, MasterCard (MA - Get Report) , look to continue to convert consumers and businesses into using cards as payment instead of cash. Visa priced shares at $44, but on its first day of trading, the stock shot out of the gate at $59.50.

Stock performance: Shares of Visa are up 3% in 2016. Visa's first day of trading was May 19, 2008.

Visa is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells V? Learn more now.

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