Most important IPOs in history Flashcards
Which are the most important IPOs in history?
1️⃣ Ford’s IPO
2️⃣ Alibaba IPO
3️⃣ Saudi Aramco
Why do some business owners resist going public?
Lose control of their firm
Ford’s IPO
Showed how <b>relationship banking</b> functioned in the old days. How old days bankers approached deal making.
They <b>cultivated a relationship</b> and became truly connected to the business in an effort to <b>provide value in the long run</b>.
Alibaba IPO
World’s largest retailer
Six banks were responsible for the execution of the public offering.
<b>Rewarding all banks equally</b> so that the main focus is the IPO, not who runs the IPO.
Saudi Aramco
It is the Saudi Arabian national petrol and gas company.
Saudi government decided to call off (cancel) the listing procedures and wait for an optimal moment to list Saudi Aramco as shares.
Resons - <b>Market conditions</b>:
1️⃣ Periods with <b>high market volatility and uncertainty</b> are not ideal for an IPO listing.
2️⃣ Oil prices improved and this eased off pressure of the Saudi government. Not necessary to raise capital.