Which companies had their IPO in 2013? After Facebook’s IPO entry in 2012, Twitter announced its initial public offering in 2013. Needless to say, this social networking giant gained all of the stock exchange market attention extensively. Several tech companies have come to the public this year. This digital age is demanding to use of tech services more and more, because of this demand many tech companies have started setting foot on each year’s IPO listing. 

These companies have collected more than $4 billion in total. Overall, from the offering rate IPO companies’ stocks earned 62%. From the beginning of the year, many IPO companies doubled their price after the initial opening.

12 IPO Companies in 2013

companies that had their ipo in 2013
Photo by Souvik Banerjee

Many companies went public in 2013 so we have made a list of 12 of them. 

1. Twitter

This year’s IPO’s center of discussion was Twitter, Inc. An American social networking and microblogging platform with headquarters is in San Francisco, California. Jack Dorsey, Noah Glass, Biz Stone and Evan Williams co-founded Twitter in 2006.

Twitter made its initial public offering debut on the New York Stock Exchange in 2013. They fixed the price of its opening price per share value at $26. So the initial company value announcement was $18.1 billion. Twitter sold a total of 70 million shares but picked up $1.8 billion.

Consequently, as of 2012, almost 340 million tweets were posted by 100 million users on Twitter.

2. Sprouts Farmers Market

Sprouts Farmers Market, Inc is an American supermarket chain business. Their products are natural, organic foods, bulk food packages, vitamins as well as supplements, meat, seafood, baked items, dairy products, organic body care, etc. In 23 states with more than 340 stores Sprouts operates its business. They have more than 35,000 employees.

Sprouts Farmer Market went public in 2013 and earned 123%, on their first opening day. The company raised $333 million with a per share price of $18. Sprout’s share price uplifted, more than the expected price of $14-$16. Sprouts made their successful IPO entry with a doubled price.

3. Potbelly Sandwich Shop

Potbelly Corporation is an American chain restaurant business. Their main items are submarine sandwiches and milkshakes. Potbelly was established in 1977, in Chicago, serve a variety of dishes including potato chips & cookies, soups as well as smoothies.

Potbelly filed for its initial public offering with US regulators in August 2013. Its fundraising plan was $75 million. Then on 4th October, Potbelly started opening trading in the NASDAQ stock exchange market. Their initial price offering was $14 per share but they raised $105 million from 7.5 million shares.

4. RingCentral

RingCentral, Inc is an American tech company that provides cloud-based communication, related equipment, and services for business needs. This company was co-founded by CEO Vlad Shmunis and CTO Vlad Vendrow in 1999. They worked together at RingZero before and the company was focused on Microsoft window-based small businesses. Afterwards, RingZero was sold to Motorola and they changed the business focus to the mobile platform. And then Shmunis and Vendrow started RingCentral.

RingCentral completed its IPO entry in 2013, its initial public offering priced 7.5 million shares at $13 per share. It fundraised a total of  $97.5 million which was a worthy deal considering its debut. Firstly, they sold 7.42 million shares, existing shareholders then selling 80,000 shares.

5. Marketo

Marketo is an American software company, founded in 2006. This company develops and sells services regarding account-based marketing, content creation, marketing automation, as well as SEO. Their headquarters is in San Mateo, California. 

Marketo called for its initial public offering in 2013. Because they made a successful IPO entry, their offering price soared by 50% on the NASDAQ stock exchange. Their opening price was $11-$13 per share but they sold 6.6 million shares at $13 (each share). Marketo’s share value increased to $20 later. Nowadays, its market capitalization is approximately $724 million.

6. Xoom Corporation

Xoom Corporation is a funds or remittance transfer system and It is a PayPal service. They provide services to transfer money online, online billing, and servers across 131 countries. Xoom was founded in 2001 and its headquarters is situated in San Francisco, California.

Xoom Corporation announced its initial public offering in 2013 with 5,220,893 company shares and 1,104,107 stockholders’ shares. Each share value was $16, after the offering, the Xoom fund raised $509 million of market capitalization.

7. Noodles & Company

Noodle & Company company provides international and local noodle items. They also serve ramen, soup, salad, and drink items. Aron Kennedy established Noodle & company in 1995, their headquarters is in Broomfield, Colorado. 

Noodle & Company went public in 2013 and they fundraised around $31.5 million. They initially filed for 75 $million but sold 5,357,143 shares (A class shares) and the per share rate was $18. As of 2022, Noodle & Company spread its business around 458 locations in 31 states in the US.

8. Foundation Medicine

Foundation Medicine, Inc. is an American next-generation technology-based medicine company with headquarters situated is in Cambridge, Massachusetts. This company develops and produces genomic sequencing technology for hematologic malignancy, solid tumors as well as sarcomas. The company was launce in 2010, in Cambridge, England. Levi Garraway and Matthew Meyerson published a 2007 research paper regarding the detailed process for 238 DNA mutations large panel testing.

Foundation medicine called for its initial public offering in 2013. Their opening per share rate was $18. The foundation’s offering share was 5,888,888 and they filed for $86.3 million.

9. Rocket Fuel Inc.

Rocket Fuel Inc is an ad technology-based company founded by Yahoo! alumni in 2008. Their headquarters is in Redwood City, California. This company offers AI-based advertising services to promote marketers and reach customers more efficiently.

Rocket Fuel debuted its IPO entry in  September 2013. Their primary stock offering was $29 per share and the share price soared up to $59.95 after opening. The company’s cap collection was $942.5 million, it closed its share price at $56 on its opening day.

10. Trellix 

FireEye and McAfee Enterprise is a cybersecurity company. In 2022 this company became private and rebranded as Trellix. The company offers services regarding the prevention and detection of cyber attacks. They provide cybersecurity-based equipment like software, hardware, measures of security risk, etc.

In their initial public offering, they sold around 15.2 million shares and raised to $303.5m in 2013. The initial stock price was $20.00 per share, it opened at &40.30 and hit a peak up to $44.89 per stock. After the underwriter discount, they collected almost $282.3m.

11. Tableau Software

Tableau Software is an American soft tech company founded in 2003. This company provides business intelligence-based data visualization software facilities. Christian Chabot, Pat Hanrahan, and Chris Stolte co-founded this company who were researchers at Stanford University from the Computer Science department. Their headquarters is in Mountain View, California.

Tableau Software went public in 2013, their initial offering price per stock value was $31. On the first day per share, value hit a high of $47, and ended at a $50.75 stock rate. They closed the IPO offering at $70.41. In 2013 the company’s market cap was $4.17 billion.

12. bluebird bio

bluebird bio, Inc is a biotech company that develops gene therapies for serious cancer and a genetic disorder. This company is based in Cambridge, Massachusetts.

The company went public in 2013 and its first-day increase was 58.2%. On June 19, they priced for $19 for IPO, opening at $25.50 per stock rate. Over 9 rounds they raised the fund to $474 million.

Conclusion

In this article, twelve IPO company information is covered in 2013. If you have any queries about 2013 IPO details, we hope this article will fill up some of your questions.

Leave a comment

Your email address will not be published. Required fields are marked *