The social media company, which was often referred to as China’s Facebook, raised $740 million in its IPO which saw its stock rise over 40 percent in early trading. Renren generated a lot of excitement when it went public in May 2011. Dell recently announced that to offset the debt acquired through its EMC acquisition, it is considering either an IPO or a merger with VMWare. VMWare’s performance has seen steady growth over the years and the company currently has a market cap of around $50 billion. acquired EMC in a $67 billion deal that made VMWare a publicly-traded subsidiary of Dell. Three years later, EMC then sold 15 percent of its stake in VMWare to the public via an IPO that raised $1 billion. VMWare, a California-based data and analytics company, was acquired by EMC Corporation in 2004 for around $625 million. Today Google, or rather its parent company Alphabet, is one of the world’s most innovative and valuable firms, with a market cap of over $793 billion. All that didn’t matter though, because Google soon became synonymous with internet search and online advertising, and its bottom line went nowhere but up. But many felt that the internet giant, which was already generating an annual profit of $286 million at the time, could have raised far more had it stuck to the conventional method of going public. The IPO, conducted through the unusual method of online auction, raised around $1.9 billion with a $23 billion valuation, an astronomical amount for what was then a six-year-old company. Google listed its IPO in August 2004, five years after its founders Sergey Brin and Larry Page nearly sold the company to Excite for less than a million dollars. JD.com today has a market cap of over $68 billion – a healthy growth of over 140 percent from its IPO days. It has also spun off JD Logistics and JD Finance, two well-funded subsidiaries that continue to add to their parent company’s growing fortunes. The company has been busy expanding since it went public, acquiring Wal-Mart’s Chinese arm Yihaodian and investing in countries like Russia, Vietnam, France, and the UK. JD.com is China’s second-largest online retailer (after Alibaba) and is one of the world’s leading companies in autonomous logistics (it uses drones and driverless trucks for deliveries). A sizeable number of shares were also sold to Tencent, another Chinese conglomerate with whom JD.com had forged a strong partnership. On its first day of trading as a public company, the Alibaba rival raised $1.8 billion at a market cap of $28.6 billion. JD.com showcased the rise of Chinese e-commerce companies when it made a positive market debut on Nasdaq in May 2014. Its share price is currently around $32 and its market cap around $24 billion – not very different from the time of its IPO, which was over four years ago. A business model in which profits are hard to come by, and a reputation as a ‘haven for trolls’ that dissuaded potential buyers, has left Twitter in deep water. The Jack Dorsey-led company bore promise in the coming months and its share price touched the $74 mark in December 2013, but that was the highest it would reach. This made it, at the time, the second-largest IPO ever for an American tech company (ahead of Google and behind Facebook). Its stock price saw a 73 percent increase (from $26 to $44.9) on that day and the company’s proceeds from the IPO amounted to $2.09 billion, with a $31 billion market cap. The microblogging site Twitter held its IPO on November 7, 2013, with its shares being floated on the NYSE. With a current market cap of $20.6 billion and a cutthroat race for competition in a market dominated by rival Facebook’s Instagram, Snapchat’s fortunes seem to be on the verge of disappearing much like its messages. Its recent update was met by a fierce backlash and a negative tweet about it by Kylie Jenner wiped $1.3 billion from Snap’s market value, reversing the boost granted by the company’s better-than-expected earnings release this year. Now, nearly a year since its IPO, Snapchat remains in a precarious position. This sent the price of Snap shares plummeting from $23 to the pre-IPO mark of $17. Barely two months after it became a public company, Snap published its first quarter results for the year – a $2.2 billion loss, a sharp reduction in user growth, and lower-than-expected revenues. But all the early investors who hoped that Snapchat would go the way of other successful Silicon Valley startups like Google and Facebook were in for a jarring disappointment.
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