What are some of the companies that had their IPO in 1999? If you haven’t heard of Google, Apple, or Facebook it’s only because you weren’t around in the ’90s – or using a computer. These days it seems like everyone has heard of these companies who had their initial public offering (IPO) in 1999. In the late 1990s, the tech industry was booming and the stock market was soaring. The new millennium was just around the corner and it seemed like everyone wanted to get in on the action. If your memory has faded over time and you need a little refresher, here is a list of companies that went public in 1999.
8 Companies That Had Their IPO In 1999
1999 was a great year for IPOs, and it’s still considered one of the best years for tech IPOs ever. But there were also some companies that you might not have heard about at all. In fact, some of these companies no longer exist today but they did make an impact on the world by changing how we buy things online or listen to music. Here are eight companies that went public in 1999:
1. Actua Corporation
The venture capital company Actua Corporation existed. The company’s market capitalization reached over $50 billion during the dot com bubble. Actua Corporation replaced Internet Capital Group, Inc. as the organization’s official name in September 2014.
The company declared bankruptcy in 2018. The business issued 14.9 million shares at a price of $12 in an IPO in August 1999, turning it into a publicly traded company. More than $200 million was made when the corporation sold IBM 7.5 million additional shares.
One million shares from the IPO were purchased by Dell Computer. The House of Saud, the Penske family, Amerindo Investment Advisors, and David Bonderman was prominent investors at this point. The biggest stakeholder was Safeguard Scientifics.
2. Domino’s Pizza Group
A master franchise of the global fast food pizza delivery business Domino’s Pizza, Domino’s Pizza Group plc is situated in the United Kingdom. The business has a London Stock Exchange listing and is a part of the FTSE 250 Index. Domino’s Pizza Group is an international pizza chain, with its primary headquarters in Ann Arbor, Michigan. The company has over 15,000 locations around the world. In addition to its flagship brand, Domino’s Pizza Group also owns the following brands: Domino’s, Domino’s Pizza, and Pizza Hut.
The IPO of the company was in 1999. The company priced at $17 per share and raised $147 million in the offering. The stock closed up 31% on its first trading day at $22 per share.
3. D&B Hoovers
Gary Hoover and Patrick Spain created D&B Hoovers in 1990 as an American business research firm that offers data about businesses and industries through its main product platform, called “Hoover’s.” It was bought by Dun & Bradstreet in 2003 and ran as a fully owned subsidiary for a while. Hoover’s product was renamed D&B Hoovers in 2017.
Short Hills, New Jersey, in the US, is home to the Dun & Bradstreet headquarters. Austin, Texas, in the US, continues to house sales, promotion, and technological capabilities for the D&B Hoovers product. In 1999, Hoovers conducted a NASDAQ initial public offering. The business later became a division of Dun & Bradstreet, which acquired Hoover’s in 2003 for $119 million.
4. HCL Technologies
HCL Technologies, also known as Hindustan Computers Limited, is a Noida-based global provider of information technology (IT) services and consultancy. It is an HCL Enterprise subsidiary. When HCL entered the software services industry in 1991, the division that had previously been responsible for research and innovation became an independent entity. The corporation employs about 187,000 people and has offices in 50 different countries.
On the Forbes Global 2000, HCL Technologies is listed. With a market capitalization of $50 billion as of September 2021, it is one of India’s top 20 most valuable publicly traded firms. The corporation and its subsidiaries have a combined yearly revenue of 71,265 crores (US$10 billion) as of July 2020.
5. WESCO International
WESCO Distribution, a global provider of power distribution and services with headquarters in Pittsburgh, Pennsylvania. Held by WESCO International, Inc., an American publicly traded Fortune global 500 holdings limited.
It is a supplier of building materials, sophisticated supply chain solutions, industrial, electrical, maintenance, communications, repair and operation (MRO), and original equipment manufacturer (OEM) supplies. Its total profits in 2019 were close to $17 billion. The company has more than 150,000 active clients, as well as 18,000 workers and 30,000 suppliers worldwide.
Industrial and commercial companies, builders, governmental organizations, organizations, telecom companies, and utilities are just a few of WESCO’s clients. In North American and foreign markets, WESCO runs 500 branches and 10 completely automated distribution facilities.
6. United Parcel Service
Incorporated in the United States in 1907, United Parcel Service (UPS, abbreviated as ups) is a multinational shipping and supply chain management firm. A Fortune 500 company and one of the biggest shipping couriers in the world, UPS was first known as the American Messenger Company and specialized in telegraphs.
Today, UPS is most well-known for its ground shipping services and the UPS Store, a retail chain that helps with UPS shipments and sells equipment to small businesses. Furthermore, UPS provides overnight and two-day air shipping as well as delivery to post office boxes through UPS SurePost, a subsidiary that transfers bundles to the United States Postal Service for last-mile shipment.
The American professional wrestling promotion or (WWE) World Wrestling Entertainment, Inc. WWE, a multi-national combined media and entertainment conglomerate, has also made inroads into other industries. Such as American football, movies, and other economic endeavors. The business also engages in licensing its intellectual property to businesses so they can create video games and action figures.
Titan Sports, Inc. changed its name to World Wrestling Federation Entertainment, Inc. in the summer of 1999. As a publicly traded corporation, World Wrestling Federation Entertainment, Inc. began trading on the New York Stock Exchange (NYSE) on October 19. With the issuing of stock with a market value of $172.5 million at the time. WWE is the ticker for the company’s stock on the NYSE.
8. The Knot Worldwide
An American media and technology company called The Knot Worldwide; formerly known as XO Group and The Knot Inc. It offers information, resources, goods, and offerings to couples who are tying the knot, building a house, and starting families. The business makes money through publishing, retailing, register services, and web advertising. The company came into being in 2019 through the union of its predecessors, XO Group, The Knot Inc., and WeddingWire.
In collaboration with QVC, the business introduced an online gift registry. In addition, it released The Knot Complete Guide to Weddings in the Real World, its first book. The business raised $35 million in its first public offering in December 1999.
As you can see from the infographic above, there are several companies that went public in 1999. Remember, this is just a small collection of some of the most prominent companies that went public in 1999. As you dig deeper into your research, you’ll likely discover numerous other companies that had their IPO in 1999. Then the longer you dig, the more likely you’ll find some valuable investments.