What are some of the companies That Had Their IPO In 2000? IPO stands for Initial Public Offering and refers to the first time a company makes its stock available to purchase by the public. Most IPOs are for companies that are either very large or recently went public. The year 2000 was an important one for the New York Stock Exchange. This was because many companies chose to go public that year. The Nasdaq, however, saw a drop with the IPO of many companies. This list includes US stocks that had their IPO in 2000.

8 Companies That Had Their IPO In 2000

Companies That Had Their IPO In 2000
Source: Companies That Had Their IPO In 2000

The year 2000 was a time of great prosperity. The Nasdaq was at an all-time high, the economy was booming and it seemed like everyone was making money. It was also a great time to go public as eight companies had their initial public offerings (IPOs) in 2000. Here are eight companies that had their IPO in 2000:

1. Marvell Technology

With its headquarters in Santa Clara, California, Marvell Technology, Inc. is an American business that creates and manufactures semiconductors and related technology. The 1995-founded business had more than 6,000 workers as of 2021, more than 10,000 patents worldwide, and $4.5 billion in yearly revenue. Dr. Sehat Sutardja, his wife Weili Dai, and his brother Pantas Sutardja established Marvell in 1995. Near the top of the dot-com bubble, on June 27, 2000, an initial public offering raised $90 million.

2. webMethods

Enterprise software provider webMethods specialized in system implementation, commercial system integration, and B2B partner incorporation. The company, which was established in 1996, marketed systems for businesses to use internet services to link software programs over the Internet. In 2000, the company stock shares increased by more than 500% on the first day of public trading.

For $546 million, Software AG purchased webMethods in 2007, and it became a subsidiary. Nearly half of the parent company’s revenues in 2010 came from the webMethods business. Software AG kept the name, and it is now a trademark to denote a software package. It includes process optimization, service-oriented architecture (SOA), IT modernization, and business and partner interaction.

3. MetLife, Inc.

The Metropolitan Life Insurance Company (MLIC),[3] also abbreviated as MetLife, and its affiliates are held by MetLife, Inc. With 90 million subscribers in more than 60 countries, MetLife is one of the major international suppliers of insurance, investments, and employee welfare programs.  The company came into being on March 24, 1868.  On the 2018 Fortune 500 list of the biggest American companies by total revenue, MetLife came in at number 43.

By completing the mutualization procedure on January 6, 1915, MetLife then transitioned from a privately held stock life insurance firm to a mutual organization that operated only for the benefit of its policyholders.

After 85 years as a mutual business, MetLife demutualized in 2000 through an IPO to become a publicly listed company.

4. Caldera International

From 1998 until 2002, Caldera International, formerly Caldera Systems, was an American software firm that created and distributed Linux- and Unix-based windows system services. Caldera Systems successfully conducted an initial public offering (IPO) of its stock in March 2000, despite the fact that the stock price was not as high as that of Red Hat, its main rival, and some other businesses during the 1999 “Linux mania.”

Ransom Love became the CEO of Caldera Systems, a division of Caldera, Inc., which founded in August 1998. It concentrated on selling Caldera OpenLinux, a high-end Linux distribution designed for business users that incorporated functions it created, like an intuitive, graphical setup and graphical and web-based systems management tools, in addition to features from integrated commercial technologies. Caldera Systems has participated in the Linux community’s Java programming language and system software.

5. Garmin Ltd.

Gary Burrell and Min Kao created the worldwide technology business Garmin Ltd. in Lenexa, Kansas, in 1989. With headquarters in Olathe, Kansas, and has its head office in Switzerland. The business has had its headquarters in Schaffhausen, Switzerland, since 2010. The business offers in GPS technology for outdoor, sports, aerospace, and automotive applications.

They have been in competition with makers of activity trackers and smartwatches for consumers like Fitbit and Apple because of their advancements in wearable tech. On December 8, 2000, the company started doing public trading on NASDAQ. Burrell had 19,911,155 stocks at the time. 20,352,803 shares owned by Kao.

6. Forcepoint

Forcepoint is an Austin, Texas-based American multinational corporation software firm. It creates firewalls, data protection, cloud access security brokers, and cross-domain solutions.

Originally a NetPartners, Forcepoint came into being in 1994 as a reseller of IT services. In 1999, the firm changed its name to Websense. And then at the height of the dot-com bubble, in 2000, it went public. For $906 million, Vista Equity Associates purchased Websense in 2013.

In April 2015, Raytheon paid $1.9 billion for an 80% stake in Websense, in 2019, it paid the remaining 20%. Stonesoft, a provider of network security, was purchased by Websense in 2015 from Intel. In 2016, the business changed its name to Forcepoint. In January 2021, Francisco Partners purchased the business from Raytheon.

7. Verizon Communications

A corporate member of the Dow Jones Industrial Average, Verizon Communications Inc., also referred to as Verizon, is a global American telecommunications company.  The business is based in Midtown Manhattan, New York City, at 1095 Avenue of the Americas, however, it was founded in Delaware.

After their union contract ended in August 2000, so some 85,000 Verizon employees went on an 18-day strike. In addition to causing a backlog of repairs, the strike had a negative impact on Verizon Wireless’ quarterly revenues and delayed the company’s initial public offering (IPO). Due to the unionization of the company’s line engineers and consumer mechanics, not all personnel were involved in this strike.

8. Exelixis, Inc.

Exelixis was formed in 1994 by Spyridon Artavanis-Tsakonas, who was then at Yale, and Corey Goodman and Gerry Rubin, who was then studying at the University of California, Berkeley. George Scangos became CEO of the company in 1996. Model organisms as well as functional genomics were to be used to tracing and biological objectives that could be used in agriculture and medicine. So Exelixis Plant Sciences was likely developed as a subsidiary to handle agricultural tasks.

By 2000, it had moved past the radical exploratory phase and was focusing on drug development, with a chemical library of 4 million molecules. After canceling its proposal a week before, the business went public that year and earned $118 million in a bear market.

Final Words

The companies that went public in 2000 were able to take advantage of the high standards set by their predecessors and easily surpass expectations. The dot-com crash left many investors hesitant about investing in internet companies, but the companies that survived were able to make a lasting impression on the world.

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