Companies that had their ipo in 2016
The year 2016 saw a number of companies go public through initial public offerings (IPOs). An IPO is the first time that a company’s shares are offered to the public for purchase. This article will take a closer look at some of the companies that had their IPO in 2016.
Snap Inc. is a social media company that is best known for its Snapchat app. The company went public in March 2016 and raised $3.4 billion in its IPO. The IPO was highly anticipated, but the company’s stock price has been volatile since going public. Snap has faced stiff competition from Facebook and Instagram, which have both copied many of Snapchat’s features.
Twilio Inc. is a cloud communications platform that allows software developers to make and receive phone calls and text messages within their applications. The company went public in June 2016 and raised $150 million in its IPO. Since going public, Twilio’s stock price has more than tripled, making it one of the most successful IPOs of 2016.
Acacia Communications is a networking technology company that provides high-speed optical interconnect products. The company went public in May 2016 and raised $103 million in its IPO. Acacia’s stock price has been volatile since going public, but the company has continued to grow and expand its product offerings.
In conclusion, 2016 was a big year for IPOs, with many companies going public and raising significant amounts of capital. While some companies have seen success since going public, others have struggled to maintain their stock price. It will be interesting to see what the future holds for these companies and whether they will continue to grow and thrive in the years to come.