Alibaba shocked the financial markets when it became the world’s biggest initial public offering (IPO) last year, surpassing its rivals in the United States and China. Speaking of IPOs, this article has come up with a list of top 10 public offerings of all time.

Nippon Telegraph and Telephone Corporation

Being the oldest public offering on this list, the Tokyo-based telecommunication provider generated $15.301 billion on February 9, 1987. NNT was listed on stock exchanges in Tokyo, Osaka, Sapporo, Nagoya, Kyoto, Hiroshima, Fukuoka, and Niigata.

General Motors

The shares of the American car manufacturer, coming from a bankruptcy filing a year earlier, started trading on the New York Stock Exchange on November 17, 2010, and on the Toronto Stock Exchange on November 18, 2010. GM got $15.774 in its IPO.


One of the most talked about IPOs in history, Facebook was listed on May 18, 2012. The social network company’s launch dealt with several trading issues and questionable information-sharing accusations. Nevertheless, Facebook realized $16.007 billion, making it one of the biggest technology IPOs in America.

Enel S.p.A.

The Italian company was listed on the Borsa Italiana (formerly Milan Stock Exchange), as well as the New York Stock Exchange on November 1, 1999 following it earned $16.452 billion. The sole utility company on this list, the firm competes in the gas and electric market in the United States and Europe.


The largest IPO in the history of Hong Kong, AIA Group Ltd. became available to the public on October 21, 2010. The investment and insurance firm obtained $17.816 billion, being one of the most appealing offering at that time.


The Japanese mobile operator offered its shares to the investing public on October 22, 1998, and reaped $18.099 billion. A subsidiary of Nippon Telegraph and Telephone Corp., NTT DoCoMo was underwritten by Goldman Sachs Asia and was the third biggest market cap for a Japanese firm.

Industrial and Commercial Bank of China (ICBC Bank)

One of China’s largest lenders by assets, the ICBC was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on October 27, 2006, and garnered $19.092 billion on its IPO. The state-owned bank was the third Chinese bank that went public.

Agricultural Bank of China (ABC Bank)

China’s largest lender by customers offered its shares publicly on July 7, 2010 and secured $19.228 billion. After the greenshoe from Goldman Sachs Asia, the size of ABC Bank’s IPO climbed to $22.1 billion.

Alibaba Holdings Group

The Chinese e-commerce company raised $21.8 billion when it went public on September 18, 2014. Four days after its IPO, underwriters exercised an option to sell more stakes, bolstering Alibaba’s total IPO to $25 billion. Although most technology firms enlist their shares on Nasdaq, the e-commerce giant made its debut on the New York Stock Exchange. Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan, and Morgan Stanley served as the offering’s joint bookrunners.