Companies That Had Their IPO In 1998 

1998 was a golden time for companies that listed their IPOs. If you look back on the IPOs of 1998 you can notice the marks that the companies left behind. So, today I’ll show you the Top 10 companies that had their IPO in 1998. Hypothetically, If you can do time travel and then travel back to 1998 then you can search and invest in these IPOs. I can guarantee that you can earn more money if you invest at that time. 

Famous Investor Warren Buffet said,

An IPO is like a negotiated transaction – the seller chooses when to come public and it’s unlikely to be a time that’s favorable to you

What Is an IPO?

Before learning about ‘Which companies that had their IPO in 1998’ you need to understand What is IPO. The meaning of IPO is Initial Public Offer. Big corporations launch their IPO, meaning that a particular corporation offers its shares to the public for the first time. Corporations list their IPO on the stock market for many reasons, but the primary reason is that they achieve a calculated goal and want to raise more money for their upcoming goals.

Top 10 Companies That Had Their IPO In 1998

In 1998 the stock market was in a very volatile position. The S&P fell 20% and The National Association of Security Dealers merged in 1998 with the American Stock Exchange. Together they created NAMG (Nasadq-Amex Market Group).

Here is the list of Companies that had their IPO in 1998.

1. Cognizant

The initial public offering of Cognizant was launched in 1994 and listed in June 1998 on the NASDAQ (National Association of Securities Dealers Automated Quotations). The company is an IT company that offers services like consulting and outsourcing worldwide. 

Current Market Stats 

2. eBay

eBay is a very popular corporation and it is the 2nd in our top companies that had their IPO in 1998 list. eBay raised a solid $68 million with its 3.5 million listed shares. The IPO of eBay was listed on the stock market on September 21, 1998, on the US stock market. You can search eBay on the US stock market. EBay trades on the NASDAQ. 

Current Market Stats 

3. Global Crossing

The Global Crossing is one of the interesting IPOs it raised almost $399 million by its initial Public Offering. The share price was outstanding at $25.50 per share. The Global Crossing offered 201.9 million shares trade on OTCMKTS. It is a communication provider corporation. The Now Global Crossing has many competitors including First Communication. Lumen technologies, etc. The stock ticker symbol of Global Crossing is GBLX.

Current Market Stats 

4. The Globe.com

The initial public offering (IPO) of The Globe.Com was listed on November 13, 1998, on OTCMKTS and NASDAQ. The company offers social media sites. It was created to express an opinion on anything on the internet. TheGlobe.com raised approx $27.9 million through the IPO. The 3.1 million shares of that company reached a $841.8 million market cap. 

Current Market Stats 

5. N.T.T. Mobile Communication Network

NTT DoCoMo (N.T.T. Mobile Communication Network) listed its IPO on the stock market on October 22, 1998. This IPO of NTT DoCoMo is one of the largest Initial Public Offering in history because the IPO raised $16.4 billion.

The company offers digital cellular phone service and it was the first cellular service launched in 1993. The NTT Mobile Communication Network. On the first day of trading, it gains a solid 19% gain.

Current Market Stats 

6. Columbia Sportswear

Columbia Sportswear is the 6th on our top companies that had their IPO in 1998 list. This company listed on its IPO on the stock market in March 1998 with the COLM ticker symbol in the NASDAQ. You can clearly identify by the name of the company, it makes sports-related stuff.

Current Market Stats 

7. The Ultimate Software 

The Ultimate Software Is a software service provider that offers you Machine Learning, Cloud management, Human resources, Information technology, SaaS, etc. 

Ultimate Software launched its IPO on June 1998, on NASDAQ at the ticker symbol of ULTI. The opening price of the sarees of ULTI was $10.01. The company was offered 31,680,399 shares.

Current Market Stats 

8. Double Click

The IPO of Double Click was listed on the stock market at the end of 1998 but that does not mean this IPO did not perform well. The traded share price rose up to 75% in the first week. The Double Click is an application service provider and marketing expert. The company listed 3.5 million shares in the stock market.

Current Market Stats 

9. Plains All American Pipeline Company

The Plains All American Pipeline Company listed its IPO in 1998 with the ticker symbol PAA. The Plain All-American Pipeline is a natural resource like Crude oil, Refined products, Natural gas, and liquids store and transport company. PAA listed 698.39 million shares through its IPO.

Current Market Stats 

10. Adam Golf

Adam Golf is the last stock in our top companies that had their IPO in 1998 list. Adam Golf listed its IPO in 1998 at the price of $16,00 with the tickler symbol of ADGO. Adam Golf is an American company. It manufactures golf equipment. 

Current Market Stats 

CONCLUSION

In the end, I hope you like our top companies that had their IPO in 1998 list. 1998 witnessed the greatest IPOs of all time. The initial public offering in 1998 created lots of opportunities for both the public and corporations. If you like these types of business content then you can follow our page.

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