Here are the 11 largest IPOs of all time

Mark Zuckerberg addresses the crowd outside the NASDAQ stock exchange in Times Square at the opening bell ceremony of Facebook’s IPO on May 18, 2012.Facebook

• The IPO market is slowly recovering after its coronavirus slump, but no recent deal stacks up to the record-breaking debuts of the 2010s.
• Seven of the top 11 IPOs took place in the 2010s, when unicorn startups and industry giants leveraged insatiable investor demand to rake in billions.
• Here are the 11 largest IPOs in history, ranked in ascending order.
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Initial public offerings are returning to the market after a pandemic-driven pause, but no recent deals have come close to setting fundraising records.

The IPO market reached a fever pitch in 2019, with unicorns including Uber, Lyft, Zoom, and Beyond Meat all going public as investors flocked to fresh offerings. Yet the frenzy calmed after a number of high-profile offerings flopped on their first trading days. The market replaced its desire for rapid growth with an appetite for profitability, and companies looking to leverage hype in massive IPOs turned back to the drawing board.

The shake-up follows a decade of record-setting market debuts. Of the 11 biggest IPOs by cash raised, seven took place in the 2010s. The largest offering to date was completed just before the decade ended and the coronavirus outbreak ravaged global stock markets.

Here are the 11 largest IPOs in history, ranked in ascending order of funds raised.

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