As an assistant, I have seen many companies go through their initial public offering (IPO) and witnessed their journey towards success. In this article, I will be discussing the companies that had their IPO in 2013 and how they have thrived today. We will explore the factors that contributed to their success and the lessons we can learn from them.
Introduction: What is an IPO?
An IPO is the process of offering shares of a private company to the public for the first time. This allows the company to raise capital by selling its shares to investors. It is a significant milestone for any company as it provides access to more capital, increased liquidity, and a higher profile in the financial markets. Check here the Initial Public Offerings: Largest New IPOs.
Why do companies go public?
Companies go public for a variety of reasons. The primary reason is to raise capital for expansion, research and development, or debt repayment. Going public also offers a liquidity event for the company’s founders and early investors, providing an opportunity to cash out some of their holdings. Additionally, going public provides a higher profile, which can attract new customers, partners, and employees.
Read: A Look at Companies That Had Their IPO in 2018: From Spotify to DocuSign.
Companies that went public in 2013
Several notable companies had their IPOs in 2013. Some of the most successful IPOs of that year include Twitter, Zulily, and FireEye. Twitter’s IPO launched with a share price of $26 and raised $1.8 billion, making it one of the largest technology IPOs in history. Zulily, an online retailer, went public at $22 per share and raised $253 million. FireEye, a cybersecurity company, went public at $20 per share and raised $304 million.
How was Zulily 2013 IPO?
Zulily’s 2013 IPO was successful, with 11.5 million shares priced at $22 each. The company’s shares jumped to a high of $41.32 on the day of debut and currently settle around $37 per share, up more than 70 percent from the IPO price. Zulily raised a total of $369M from investors and is profitable, although only slightly. For the first nine months of 2013, it reported $438.7 million in revenue. The company is also getting 45% of its orders from mobile. [1][2][3]
References:
[1] Shares of Zulily skyrocket in IPO debut, open at $39.40 [2] Zulily Shares Pop 82% Above IPO Price [3] Zulily IPO zooms 87.5% on first day of tradingHow was Twitter 2013 IPO?
Twitter’s 2013 IPO was successful, with the company raising about $1.8 billion through the sale of 70 million shares at $26 per share. The IPO was held on the New York Stock Exchange and demand for Twitter was so high that its underwriters sold an extra 10.5 million shares beyond the 70 million planned. However, despite the success of the IPO, Twitter was not yet profitable at the time, according to sources. [1][2][3]
References:
[1] #WOW! Twitter soars 73% in IPO [2] Twitter’s stock closes at $44.90 a share, up 73 percent on … [3] 2013: Twitter’s IPO means 1600 new millionairesHow was FireEye 2013 IPO?
FireEye went public in 2013 and raised $303.6 million in the process. The company priced its stock at $20 a share and closed up 80 percent. In January of that year, FireEye also raised $50 million from Sequoia Capital, Norwest Venture Partners, Goldman Sachs, Juniper Networks, and Silicon Valley Bank.
References:
[1] FireEye shares pop 80% after hugely successful IPO [2] FireEye shares double as hot security firm goes public [3] FireEye Shares Jump $16 In First Day Of Public Trading As …The state of these companies today
Today, these companies are thriving. Twitter has become a staple in social media and has grown its user base to over 330 million monthly active users. Zulily was acquired by QVC for $2.4 billion in 2015, and FireEye has become a leader in the cybersecurity industry.
Company success stories: How these IPOs have thrived
Twitter’s success can be attributed to its ability to adapt to the changing needs of its users. The company has introduced new features such as Moments and Periscope, which have helped to keep its user base engaged. Zulily’s success can be attributed to its unique business model, which offers limited-time sales on a wide variety of products. This model has helped the company to become a leader in the online retail space. FireEye’s success can be attributed to its ability to provide innovative cybersecurity solutions that address the evolving threat landscape.
Factors contributing to their success
Several factors contributed to the success of these companies post-IPO. One of the most critical factors is their ability to innovate and adapt to changing customer needs. Another factor is their ability to attract and retain top talent. Finally, their ability to maintain strong financials and manage their capital effectively has also been a key contributor to their success.
Lessons learned from their success
One of the most significant lessons we can learn from the success of these companies is the importance of innovation. Companies that are constantly innovating and adapting to changing customer needs are more likely to succeed in the long run. Additionally, companies that focus on attracting and retaining top talent are more likely to have a competitive advantage. Finally, companies that manage their capital effectively are more likely to have a strong financial position, which is critical for long-term success.
Challenges faced by companies post-IPO
Companies that go public face several challenges post-IPO. One of the most significant challenges is the pressure to meet quarterly earnings expectations. This pressure can lead companies to focus on short-term gains at the expense of long-term success. Another challenge is the loss of control that comes with going public. Founders and early investors may have less influence over the direction of the company as it grows.
Strategies for post-IPO success
To succeed post-IPO, companies must focus on several strategies. One of the most critical strategies is to maintain a long-term perspective. Companies that focus on long-term success are more likely to make decisions that create sustainable value. Another strategy is to maintain a strong corporate culture. Companies that foster a positive work environment are more likely to attract and retain top talent. Finally, companies must remain agile and adaptable. The ability to pivot quickly in response to changing customer needs is critical for long-term success.
Conclusion: The future of IPOs and what we can learn from these success stories
In conclusion, the companies that had their IPO in 2013 have thrived due to their ability to innovate, attract and retain top talent, and manage their capital effectively. Companies that go public face several challenges post-IPO, but by focusing on long-term success, maintaining a strong corporate culture, and remaining agile and adaptable, they can succeed in the long run. The future of IPOs looks promising, and we can learn valuable lessons from the success stories of these companies.
