Which companies had their IPO in 2010? Many investors are eager to participate in IPOs because they have the potential to become the next Google. With 152 IPOs, 2010 helped quench that thirst. Though investing in IPOs can be extremely beneficial, be forewarned: most IPOs don’t soar to the moon.
The market gave IPOs a particularly powerful boost this year. IPOScoop reports that the average IPO this year increased by 24.5%. Such figures continue to pique the interest of many investors in newly listed stocks. As you’ll see from these articles, we’re going to take a look at the companies that had their IPO in 2010.
8 Companies That Had Their IPO in 2010
In 2010, many companies had IPO. Some of them are listed below:
1. Booz Allen Hamilton
Booz & Company was created in 2008 when Booz Allen’s commercial division split off. PwC purchased the company in 2013 and changed its name to Strategy&. It has since returned to the commercial markets. 2010 saw the initial public offering of 14,000,000 shares by Booz Allen, priced at $17 a share. The Defense Systems Engineering & Support section of ARINC was acquired by Booz Allen in 2012, expanding its workforce by about 1,000 people.
Booz Allen bought Epidemic14. The software development section of SPARC, a Charleston, South Carolina-based technology company, was purchased by Booz Allen in 2015. Booz Allen bought eGov Holdings in 2017. To modernize the way the SEC obtains IT services, the SEC gave $2.5 billion contracts to Booz Allen and Attain in 2018.
2. Tesla, Inc.
Tesla was given the go-ahead to take out $465 million in interest-bearing loans from the US Department of Energy in June 2009. For $42 million, Tesla paid Toyota for the property in Fremont, California that would later become the Tesla Factory, and in October 2010, the facility officially opened to begin producing the Model S.
The firm filed for an initial public offering (IPO) on NASDAQ on June 29, 2010, making it the first American automaker to do so since Ford Motor Corporation in 1956. To raise $226 million, the corporation issued 13.3 million shares of ordinary stock for $17 per share.
3. Charter Communications
Its insolvency plan, eliminated its debt and terminated its equity on November 30, 2009, was accepted. Even though many of its lenders objected to its insolvency plan on that day, Charter recovered from bankruptcy. The NASDAQ repriced Charter Class, A Common Stock, on September 14, 2010, with the ticker code “CHTR.”
Paul Allen, a co-founder of Microsoft, retired from the company’s board of directors and his position as chairman in 2011, yet he continued to be its majority investor at the time. Charter also signed a multi-year agreement to offer content via TiVo’s platform in that year.
Since February 13, 2012, Thomas M. Rutledge has served as president and chief executive officer in addition to being a director.
Generac Holdings Inc., or Generac, is a Fortune 1000 American maker of backup power production devices for the household, light industrial, and industrial industries. 800 watts to 9 megawatts are the output range for Generac’s power systems. Sold by independent distributors, distributors as well as wholesalers. The headquarters of Generac is in Waukesha, Wisconsin, and the company also has manufacturing units there as well as in Oshkosh, Berlin, Eagle, Jefferson, and Whitewater.
The parent organization of Generac Power Systems, Inc., Generac Holdings Inc., started trading on the New York Stock Exchange on February 11 under the stock symbol GNRC. The initial public offering used $224 million in net proceeds to settle the debt.
5. Hudson Pacific Properties
A real estate investment company called Hudson Pacific Properties has 15.8 million sq . ft, 1.5 million square feet of sound studios, and underdeveloped interests in an extra 3 million square feet of industrial properties. Victor J. Coleman launched the business as Hudson Capital. Hudson Capital bought Sunset Gower Studios in 2007 and Sunset Bronson Productions in 2008. In 2009, Hudson Capital became a part of Hudson Pacific Properties, and on June 29, 2010, the business went public through an IPO.
For $3.5 billion, the business purchased 26 properties in Northern California from the EQ Office of The Blackstone Group in December 2014. This made Hudson Pacific the most widely traded shareholder of office space in Silicon Valley.
In 2008, the Enevoldsen family sold a 60% stake in the business to the Danish private equity firm Axel. One of the largest initial public offerings in Europe that year, Pandora sold shares for a combined DKK 9.96 billion (US$ 1.84 billion) in an IPO in October 2010, giving the company a market capitalization of almost DKK 27 billion. The business is a part of the OMX Copenhagen 20 index. Publicly traded on the Danish NASDAQ OMX Copenhagen Stock Exchange.
After Cartier and Tiffany & Co., Pandora rose to become the third-largest jewelry manufacturer in the world in terms of sales. On average, Pandora sold more than one item of jewelry every second in 2011.
7. Green Dot Corporation
The Green Dot Corporation is an American private company for banks and financial innovation with its headquarters in Austin. According to market capitalization, it is the biggest prepaid debit card provider in the world. Apple Pay Cash, Uber, and Intuit all use the technology platform developed by Green Dot. A company that also provides payment processing services.
Steve Streit established the business in 1999 to provide youngsters with prepaid debit cards for online shopping. The business changed its focus in 2001 to cater to the “underbanked” and “unbanked” communities. Green Dot Corporation went public in 2010 with a $2 billion value.
Following its creation in 1995 as a B2B eCommerce platform, Jaggaer held an IPO in 1999. Then changed its focus in 2001 from B2B exchanges to eProcurement infrastructure and supplier empowerment tools. In order to advance its efforts in eProcurement, inventory control as well as accounts payable automation, Jaggaer became private in 2004. In September 2010, Jaggaer completed its IPO, earning about $57 million.
Inphi paid $216 million for the purchase, which included cash as well as the assumption of eSilicon’s debt. The Inphi Portfolio now includes 2.5D packaging, SerDes, and bespoke silicon design components. Inphi launched the first 800Gbps PAM4 electro-optics technology in February 2020. Marvell Technology, Inc. declared in October 2020 that it will purchase Inphi for $8.2 billion. April 2021 saw the acquisition’s completion.
We hope this list has been of some use to anyone looking at the current state of the IPO market. As we noted when we started, the only thing that’s certain about the current IPOs is uncertainty. So every company on our list could end up succeeding or failing. However, these companies have a lot on their side as they venture into the challenge of navigating new public waters. We’ll be watching them closely in 2011 and beyond.