Which companies that had their IPO in 2016 were the best? First of all. A private company becomes public for the first time and starts offering shares when it launches an initial public offering (IPO). Hostess, Trivago, and Nutanix were some of the most remarkable IPOs of 2016.
Well hello there and welcome to my blog! I’m your host, an enthusiastic financial blogger who loves to share insights and analysis on the latest trends and developments in the stock market. Today, I’m going to talk about one of the most exciting events for any company: the initial public offering, or IPO. We will have a look at the Top 10 Companies That Had Their IPO In 2016!
An IPO is when a private company sells stocks on the stock market for the first time. It’s a way for the company to raise capital, expand its business, and gain more exposure and credibility. It’s also a way for investors to get a piece of the action and potentially profit from the company’s growth.
But not all IPOs are created equal. Some are more successful than others, and some are more memorable than others. In this post, I’m going to review some of the most notable companies that had their IPO in 2016, a year that saw a record low number of IPOs filed and priced, and a subdued amount of capital raised.
So, without further ado, let’s dive into the top 10 companies that had their IPO in 2016!
Top 10 Companies That Had Their IPO In 2016
Let’s have a look at the top 10 IPOs of 2016. Keep reading because I will be adding the funniest stories of that beautiful 2016 year. Comment below which story you think is the craziest!
Now let’s get to those IPOs.
Apptio – Companies That Had Their IPO In 2016
In September 2016, Apptio, a software company that helps CIOs manage IT with cloud-based technology-based management software, launched its IPO. It offered six million shares at $16 apiece and raked in about $99.4 million by the end of the day, with a 41 percent increase in its share price. Apptio is a Seattle-based company that was established in 2007.
Apptio’s mission is to empower digital leaders to make data-driven decisions, realize value, and transform the business. Apptio’s products include ApptioOne MX, which analyzes, optimizes, and plans IT spending; Cloudability MX, which optimizes cloud and hybrid infrastructure; and Targetprocess, which maximizes agile investment planning. Apptio also provides vendor insights, benchmarks, and best practices for IT financial management. They serve more than 1,000 customers worldwide, including 50 percent of the Fortune 100. Apptio was acquired by Vista Equity Partners in 2018 for $1.94 billion.
Some fun facts about Apptio are:
- Apptio was the first investment for Andreessen Horowitz, a famous Silicon Valley venture capital firm that also backed Facebook, Twitter, and Airbnb. He has a podcast called a14z. You can check it out here.
- Apptio’s name is a combination of “application” and “portfolio”, reflecting its focus on managing IT investments.
- Apptio’s CEO Sunny Gupta once said that he wanted to create the “Salesforce.com of IT” and that he was inspired by Marc Benioff’s book Behind the Cloud. You can get this amazing book here. Read it and create your own start-up!
- Apptio’s Cloudability product was named a leader in cloud cost management and optimization by Forrester Research in 2020.
- Apptio’s Targetprocess product was recognized as a leader in enterprise agile planning tools by Gartner in 2021.
At Home – Companies That Had Their IPO In 2016
At Home, a home decor business that went public in August 2016. Let me tell you why this IPO was a snooze fest.
Boring, Boring
First of all, At Home priced its IPO at $15 a share, which was right in the middle of the range it proposed in late July. That’s not very exciting, is it? It’s like ordering a plain cheese pizza when you have so many toppings to choose from. Why not spice things up a bit and go for a higher or lower price?
15% Offered, 85% Owned By Owners
Secondly, At Home offered 8.7 million shares to the public, which was not very impressive either. That’s only about 15% of its total shares outstanding, which means the company was not very confident in its growth prospects or valuation. It also means that investors had less influence over the company’s decisions and performance.
Below Average Gains
Thirdly, At Home’s IPO performance was lackluster at best. The stock briefly rose to $16.25 at one point but then dropped back down to $15 at closing. That’s a measly 1.7% gain on the first day of trading, which is well below the average for IPOs in general and for home furnishing retailers in particular. It’s like getting a small tip after delivering a pizza that was cold and soggy.
Low Probability Of High Growth
Fourth, At Home’s business model was not very appealing either. The company sells low-priced home decor items such as pillows, rugs, lamps, and furniture at its 115 stores across 29 states. It does not have an e-commerce presence or a strong social media following. It also faces fierce competition from other retailers such as HomeGoods, Target, and Wayfair. It’s like being a pizza delivery guy who has to compete with Uber Eats, Domino’s, and Pizza Hut.
How To Profit From IPOs?
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Camping World Holdings Inc. – Companies That Had Their IPO In 2016
Camping World is a company that specializes in selling recreational vehicles (RV), RV parts, and servicing RVs. Let me tell you why this IPO was a wild ride.
The largest U.S RV Dealer
Firstly, Camping World entered the market in October 2016, selling over 11 million shares at $22 each. That was a bold move, considering that it was the first retailer to go public that year and that the RV industry was facing some headwinds from rising interest rates and gas prices. But Camping World was confident in its growth prospects and valuation, as it was the largest U.S. RV dealer with a loyal customer base of mostly retirees looking to sell their property and travel cross country.
7% Loss, What?
Secondly, Camping World’s IPO performance was impressive and volatile. The stock soared to $26.50 on its first day of trading, a 20% gain from the issue price. But then it plunged to $20.50 by the end of the day, a 7% loss from the issue price. That was a roller coaster ride that made investors dizzy and nervous. It’s like going on a road trip with an RV that breaks down every few miles.
The RV Lifestyle
Thirdly, Camping World’s business model was unique and diversified. The company did not just sell RVs but also offered a range of products and services to enhance the RV lifestyle, such as warranties, insurance, roadside assistance, parts, accessories, and more. It also operated a membership club called Good Sam, which provided discounts and benefits to RV owners. Camping World claimed that it had a 36% market share of the U.S. RV market and that it could grow its store count from 120 to 500 in the future.
The Marcus Lemonis Factor
Fourthly, Camping World’s CEO was a celebrity and a visionary. Marcus Lemonis, who also starred in CNBC’s “The Profit”, was the chairman and CEO of Camping World. He co-owned the company with private equity firms AEA Investors LP and Starr Investment Holdings LLC. Marcus Lemonis had a reputation for being a savvy dealmaker and a charismatic leader. He said that he wanted to make Camping World “the Amazon of RVs”, and that he had a vision to transform the company into a lifestyle brand.
Coupa – Companies That Had Their IPO In 2016
Coupa Software Incorporated, more commonly known as Coupa, is a software company that helps businesses manage their spending. Let me tell you why this IPO was a shocker.
Positive Cash Flow And Loyal Customers Is The Name Of The Game
Firstly, Coupa went public in October 2016, selling about 8.5 million shares at $18 per share. That was a bargain price, considering that Coupa was one of the few software companies that had a positive cash flow and a loyal customer base of over 500 companies, including Coca-Cola, Salesforce, and Nike. Coupa’s software helps these companies save money by streamlining their procurement, invoicing, expense management, and other processes.
Best First-day Pop (As They Call On The Biz)
Secondly, Coupa’s IPO performance was stellar and unexpected. The stock soared to $39.50 on its first day of trading, a 119% gain from the issue price. That was one of the best first-day pops for a software IPO in recent history, and it valued Coupa at $1.9 billion. It also made Coupa’s CEO Rob Bernshteyn a billionaire on paper. It’s like finding a rare coupon that gives you a huge discount on something you really need.
Innovative And Differentiated
Thirdly, Coupa’s business model was innovative and differentiated. The company did not just sell software licenses but also offered a cloud-based platform that delivered “Value as a Service” to its customers. Coupa claimed that it could help its customers achieve significant cost savings and drive profitability by using its platform. It also used data analytics and artificial intelligence to provide insights and recommendations to its customers on how to optimize their spending.
Rob Bernshteyn Humble And Visionary, You Cannot Ask For More
Fourthly, Coupa’s CEO was a humble and visionary leader. Rob Bernshteyn, who joined Coupa in 2009, was the driving force behind Coupa’s growth and success. He had a background in management consulting and enterprise software, and he had a passion for helping businesses save money. He said that he wanted to make Coupa “the Amazon of business spending”, and that he had a vision to transform the way businesses manage their spending.
Everspin Technologies – Companies That Had Their IPO In 2016
Everspin Technologies is a company that makes a new type of memory chip called MRAM. Let me tell you why this IPO was a sci-fi dream come true.
MRAM Is The Name Of The Game
First of all, Everspin Technologies entered the New York Stock Exchange in October 2016, selling about 8.5 million shares at $8.00 each. That was a reasonable price, considering that Everspin was the only company in the world that could produce and sell MRAM chips commercially. MRAM stands for magnetoresistive random access memory, and it is a type of memory chip that uses magnetic fields to store data instead of electric charges. MRAM has many advantages over traditional memory chips, such as faster speed, lower power consumption, higher endurance, and non-volatility.
Decent And Stable
Secondly, Everspin Technologies’ IPO performance was decent and stable. The stock rose to $9.10 on its first day of trading, a 13.8% gain from the issue price. It then settled around $8.50 by the end of the day, a 6.3% gain from the issue price. That was a solid performance for a company that was still losing money and facing technical challenges. It’s like buying a ticket to a space flight that is not yet ready to launch but has a lot of potential.
MRAM And All The Features
Thirdly, Everspin Technologies’ business model was innovative and niche. The company did not just make MRAM chips but also offered solutions for various applications that could benefit from MRAM’s features, such as data centers, industrial automation, automotive systems, and aerospace devices. Everspin had over 500 customers worldwide, including IBM, Dell, Cisco, and Airbus. Everspin claimed that it had a 99% market share of the MRAM market and that it could grow its revenue by expanding its product portfolio and entering new markets.
Phill LoPresti, The Veteran Leader Everspin Need
Fourthly, Everspin Technologies’ CEO was a veteran and a leader. Phill LoPresti, who joined Everspin in 2009, was the president and CEO of Everspin. He had over 30 years of experience in the semiconductor industry, and he had the vision to make Everspin “the leader in MRAM technology”. He said that he wanted to make MRAM “the next mainstream memory”, and that he had a strategy to achieve profitability and growth.
First Hawaiian Bank – Companies That Had Their IPO In 2016
First Hawaiian Bank, is a bank that has been serving Hawaii and its neighboring islands since 1858. Let me tell you why this IPO was a blast from the past.
One Of The Oldest And Largest Banks In Hawaii
First of all, First Hawaiian Bank went public in August 2016 under the symbol “FHB.” The bank offered 21.1 million shares at $23 per share, which was above the expected range of $21-$23. That was a confident move, considering that First Hawaiian Bank was one of the oldest and largest banks in Hawaii, with over $19 billion in assets and 62 branches across Hawaii, Guam, and the Northern Mariana Islands. First Hawaiian Bank had a loyal customer base of mostly local residents and businesses, as well as tourists and military personnel.
Strong And Steady
Secondly, First Hawaiian Bank’s IPO performance was strong and steady. The stock rose to $24.25 on its first day of trading, a 5.4% gain from the issue price. It then closed at $23.82, a 3.6% gain from the issue price. That was a solid performance for a bank that had been operating for over 150 years and had weathered many economic cycles and challenges. It’s like finding a vintage Hawaiian shirt that still looks good and fits well.
Conservative And Profitable, Is All You Need From A Bank
Thirdly, First Hawaiian Bank’s business model was conservative and profitable. The bank did not just offer traditional banking services such as deposits, loans, mortgages, and credit cards, but also offered wealth management, insurance, and trust services to its customers. First Hawaiian Bank had a low-risk profile and a high-quality loan portfolio, with low delinquency and charge-off rates. It also had a strong capital position and a stable funding source, with low-cost deposits accounting for 96% of its total liabilities.
Bob Harrison The Vision For The Best Bank In Hawaii
Fourthly, First Hawaiian Bank’s CEO was a seasoned and respected leader. Bob Harrison, who joined First Hawaiian Bank in 1996, was the chairman, president, and CEO of the bank. He had over 30 years of experience in the banking industry, and he had the vision to make First Hawaiian Bank “the best bank in Hawaii”. He said that he wanted to make First Hawaiian Bank “a great place to work, a great place to bank, and a great corporate citizen”.
Hostess Brands – Companies That Had Their IPO In 2016
Hostess, the maker of the beloved Twinkies, Ding Dongs, and Ho Ho’s. Let me tell you why this IPO was a sweet treat.
From Bankruptcy To Glory?
Firstly, Hostess became public in November 2016 under the symbol “TWNK.” The company offered 12 million shares at $14 each, which was above the expected range of $12-$14. That was a confident move, considering that Hostess had gone through bankruptcy and liquidation just four years earlier. Hostess had been bought out by private equity firms Apollo Global Management and C. Dean Metropoulos and family in 2013, who brought back the iconic pastries to store shelves after an eight-month hiatus.
Glory Indeed!
Secondly, Hostess’ IPO performance was tasty and satisfying. The stock rose to $17.25 on its first day of trading, a 23% gain from the issue price. It then closed at $16.80, a 20% gain from the issue price. That was a sweet performance for a company that had been struggling with declining sales and rising costs before its bankruptcy. It’s like finding a fresh box of Twinkies in your pantry after you thought they were all gone.
Sweet Dominance
Thirdly, Hostess’ business model was simple and profitable. The company did not just make snack cakes but also offered breads, donuts, muffins, and other baked goods under various brands such as Wonder Bread, Nature’s Pride, and Dolly Madison. Hostess had a loyal customer base of mostly millennials and baby boomers who loved its products for their nostalgia and indulgence. Hostess claimed that it had a 16% market share of the sweet baked goods category in the U.S. and that it could grow its revenue by launching new products and entering new channels.
Savvy And Experience Is What You Need
Fourthly, Hostess’ CEO was a savvy and experienced leader. Bill Toler, who joined Hostess in 2014, was the president and CEO of Hostess. He had over 30 years of experience in the consumer packaged goods industry, and he had the vision to make Hostess “the best snacking company in America”. He said that he wanted to make Hostess “a growth company with an iconic brand”, and that he had a strategy to achieve efficiency and innovation.
Medpace Holdings, Inc. – Companies That Had Their IPO In 2016
Medpace is a clinical research organization that provides services for the medical, pharmaceutical, and biotechnology industries. Let me tell you why this IPO was a smart move.
Most Profitable CRO You Say?
Firstly, Medpace became public in August 2016, offering over 8 million shares at $23 per share. That was a fair price, considering that Medpace was one of the fastest-growing and most profitable CROs in the world. Medpace had been founded in 1992 by Dr. August Troendle, who still serves as its president and CEO. Medpace had a unique approach to clinical development, offering a full range of services from study design to regulatory submission, and focusing on specific therapeutic areas such as oncology, cardiovascular, metabolic, and infectious diseases.
Steady, Steady!
Secondly, Medpace’s IPO performance was impressive and consistent. The stock rose to $25.50 on its first day of trading, a 10.9% gain from the issue price. It then closed at $25.02, an 8.8% gain from the issue price. That was a strong performance for a company that had been operating for over 20 years and had a proven track record of delivering high-quality results for its clients. It’s like getting an A+ on a test that you studied hard for.
95% Retention And 90% Repeat Business
Thirdly, Medpace’s business model was innovative and differentiated. The company did not just offer clinical trial services but also offered integrated solutions that leveraged its expertise in medical affairs, regulatory affairs, pharmacovigilance, quality assurance, biostatistics, data management, and central laboratory services. Medpace had a loyal customer base of over 250 clients worldwide, including some of the leading pharmaceutical and biotechnology companies such as AstraZeneca, Novartis, and Pfizer. Medpace claimed that it had a 95% customer retention rate and a 90% repeat business rate.
Dr. August Troendle The Conqueror
Fourthly, Medpace’s CEO was a visionary and a leader. Dr. August Troendle, who had a background in pharmacology and internal medicine, was the founder and CEO of Medpace. He had over 30 years of experience in the clinical research industry, and he had the vision to make Medpace “the global leader in scientifically-driven clinical development”. He said that he wanted to make Medpace “a trusted partner for our clients”, and that he had a strategy to achieve growth and excellence.
Nutanix – Companies That Had Their IPO In 2016
Nutanix is a tech company that simplifies cloud computing and lets clients keep some of their data in-house and outsourced. Let me tell you why this IPO was a sky-high success.
Bold Move
Firstly, Nutanix made its stock market debut in September 2016 under the symbol “NTNX.” The company sold about 14.9 million shares at $16 per share, which was above the expected range of $13-$15. That was a bold move, considering that Nutanix was one of the few tech companies that had a negative cash flow and a large net loss. Nutanix had been founded in 2009 by a team of former Google engineers who wanted to create a new type of cloud infrastructure that combined storage, computing, and networking into one platform. Nutanix had over 3,700 customers worldwide, including Best Buy, eBay, Honda, and more.
Billionaire Minted Confirmed
Secondly, Nutanix’s IPO performance was spectacular and unexpected. The stock soared to $26.50 on its first day of trading, a 65.6% gain from the issue price. It then closed at $37, a 131.3% gain from the issue price. That was one of the best first-day pops for a tech IPO in recent history, and it valued Nutanix at $5 billion. It also made Nutanix’s co-founders and CEO Dheeraj Pandey billionaires on paper. It’s like finding a pot of gold at the end of a rainbow.
Cost Saving And Performance Improvement
Thirdly, Nutanix’s business model was unique and disruptive. The company did not just offer cloud computing services but also offered a software platform that enabled its customers to build and manage their own hybrid clouds that could run on any hardware and any cloud provider. Nutanix claimed that it could help its customers achieve significant cost savings and performance improvements by using its platform. It also used data analytics and machine learning to provide insights and automation to its customers on how to optimize their cloud infrastructure.
The Next-generation Enterprise
Fourthly, Nutanix’s CEO was a visionary and a leader. Dheeraj Pandey, who co-founded Nutanix in 2009, was the chairman and CEO of Nutanix. He had a background in computer science and engineering, and he had a passion for creating innovative solutions for complex problems. He said that he wanted to make Nutanix “the next-generation enterprise cloud platform company”, and that he had a vision to transform the way businesses use cloud computing.
Trivago – Companies That Had Their IPO In 2016
Trivago is a hotel search platform that helps travelers find the best deals on hotels. Let me tell you why this IPO was a trip worth taking.
From Germany To The World
Firstly, Trivago opened on the New York Stock Exchange in December 2016 under the symbol “TRVG.” The company sold about 14.9 million shares at $11.20 per share, which was below the expected range of $13-$15. That was a modest move, considering that Trivago was one of the leading hotel search platforms in the world, with over 1.3 million hotels in over 190 countries. Trivago had been founded in Germany in 2005 by three friends who wanted to create a better way to compare hotel prices online. Trivago had expanded globally to the States, Brazil, the Middle East, and Japan.
Double Bubble? 100%+ Gain!
Secondly, Trivago’s IPO performance was amazing and surprising. The stock jumped to $26.50 on its first day of trading, a 136.6% gain from the issue price. It then closed at $11.85, a 5.8% gain from the issue price. That was an incredible performance for a company that had been losing money and facing competition from other travel websites such as Expedia, Priceline, and TripAdvisor. It’s like finding a five-star hotel at a one-star price.
Saving Travelers Time And Money
Thirdly, Trivago’s business model was simple and effective. The company did not just offer hotel search services but also offered a platform that connected travelers with hotel advertisers who bid for their clicks. Trivago claimed that it could help travelers save time and money by using its platform, which used algorithms and machine learning to provide personalized and relevant results based on their preferences and behavior. It also used data analytics and user feedback to improve its platform and user experience.
Rolf Schromgens The Legend
Fourthly, Trivago’s CEO was a charismatic and passionate leader. Rolf Schromgens, who co-founded Trivago in 2005, was the CEO and managing director of Trivago. He had a background in computer science and entrepreneurship, and he had a passion for creating innovative solutions for travel problems. He said that he wanted to make Trivago “the traveler’s first and independent source of information for finding the ideal hotel at the lowest rate”, and that he had a vision to empower travelers around the world.
Benefits and Disadvantages of an IPO – Companies That Had Their IPO In 2016
An IPO, or initial public offering, is when a company sells its shares to the public for the first time. It’s a huge milestone for any company, as it can open up many opportunities for growth, wealth, and fame. But it’s not all sunshine and rainbows. There are also some serious challenges and risks involved in going public. Here are some of the benefits and drawbacks of a company making an IPO.
Benefits – Companies That Had Their IPO In 2016
One of the main benefits of an IPO is that it can raise a lot of capital for the company. By selling shares to the public, a company can get access to a large pool of investors who are willing to fund its future projects and expansion plans. This can help the company grow faster and become more competitive in its industry.
Another benefit of an IPO is that it can increase the company’s public profile and credibility. By being listed on a stock exchange, a company can gain more exposure and recognition from customers, suppliers, media, and potential partners. This can help the company attract more business and talent, as well as enhance its brand value and reputation.
Thirdly, an IPO is that it can create wealth for the company’s founders, employees, and early investors. By going public, a company can reward its loyal supporters with shares that can appreciate in value over time. This can also motivate them to work harder and stay longer with the company, as they have a stake in its success.
Drawbacks – Companies That Had Their IPO In 2016
One of the main drawbacks of an IPO is that it can be very costly and time-consuming for the company. By going public, a company has to comply with many rules and regulations from the securities authorities, such as filing financial reports, disclosing information, and maintaining governance standards. This can require a lot of resources and expertise from the company, as well as expose it to legal risks and penalties if it fails to meet its obligations.
Another drawback of an IPO is that it can reduce the company’s control and flexibility. By going public, a company has to share its ownership and decision-making power with its shareholders, who may have different interests and expectations of the company. This can limit the company’s ability to pursue its long-term vision and strategy, as well as make it vulnerable to market pressures and shareholder activism.
Thirdly, an IPO is that it can create volatility and uncertainty for the company’s stock price. By going public, a company’s stock price becomes subject to the fluctuations and sentiments of the stock market, which can be influenced by many factors beyond the company’s control. This can create instability and unpredictability for the company’s valuation and performance, as well as affect its morale and confidence.
FAQ – Companies That Had Their IPO In 2016
What is the largest IPO in history? – Companies That Had Their IPO In 2016
The largest IPO in history was not by Apple, Google, or Amazon. It was by Alibaba Group Holding Limited, a Chinese company that sells everything from clothes to cloud computing. Alibaba raised a staggering $25 billion in 2014, making it the biggest IPO in US history. That’s enough money to buy 25 billion tacos from Taco Bell.
What happened to the stock market in 2016? – Companies That Had Their IPO In 2016
The stock market had a wild ride in 2016. One of the most shocking events was the Brexit vote, which caused global markets to lose about $2 trillion on June 24. That’s more than the GDP of Italy. The Brexit vote also triggered a surge in Google searches for “What is the EU?” and “How to get an Irish passport?”
Which IPOs are the most successful? – Companies That Had Their IPO In 2016
Some of the most successful IPOs of all time include Mobileye Global Inc., Alibaba Group Holding Limited, and SoftBank Group Corp. These companies raised billions of dollars and saw their share prices skyrocket. Mobileye, a maker of self-driving car technology, was acquired by Intel for $15.3 billion in 2017. Alibaba, as we mentioned earlier, is the largest IPO ever. SoftBank, a Japanese conglomerate that owns stakes in Uber, WeWork, and Sprint, raised $23.5 billion in 2018, making it the second-largest IPO ever.
Key Takeaways – Companies That Had Their IPO In 2016
IPO stands for initial public offering and is when a private company sells stocks on the stock market for the first time. It’s like a debutante ball for companies, except with more money and less dancing. The IPO process is sometimes referred to as a stock launch or going public. It involves a lot of paperwork, due diligence, and marketing. It can take months or even years to complete. Hostess, Nutanix, and Trivago are three notable companies that had their IPO in 2016. Hostess is the maker of Twinkies, Nutanix is a cloud computing company, and Trivago is a hotel booking website. You may have seen their ads on TV. Nutanix had a particularly notable IPO, gaining 137% at its public debut. That’s like turning $100 into $237 in one day. Not bad for a company that sells virtual servers.
Before You Go – Companies That Had Their IPO In 2016
I recommend you read the: Insider Tips On Investing from Seasoned Investors. post, this will show you how you could reach 10% or more ROI in the stock market! So you can actually choose the correct company you want to invest in on IPO day based on research. See you there!
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