In 2011, about 170 companies had an initial public offering (IPO) in the United States. That was down from about 190 in the previous year. Among the notable IPOs of 2011 were those of Groupon Inc. (NASDAQ: GRPN), Kinder Morgan Inc. (NYSE: KMI), LinkedIn, Spirit Airlines Inc. (NYSE: SAVE), Zillow Group Inc. (NYSE: Z) and Zynga. (Check out the youngest members of the Fortune 500.)
Energy infrastructure giant Kinder Morgan raised more than $2.8 billion in its IPO, but it was outdone by HCA Healthcare Inc. (NYSE: HCA), which raised almost $3.8 billion. (These 19 companies were caught manipulating the American free market.)
The stock market tumbled in August of 2011 after a surprise credit rating downgrade of U.S. sovereign debt. That and a debt crisis in Europe prompted fears of a double-dip recession. Despite the stock market’s ups and downs that year, the S&P 500 index managed to end 2011 more than 13% higher than its 2010 close.
The following are 2011’s best IPOs, ranked by how well the stocks have performed since then (as of the close on October 30; split-adjusted as indicated*). Note that Air Lease Corp. (NYSE: AL) and Spirit Airlines are also positive in that time. Angi Inc. (NASDAQ: ANGI), Kinder Morgan, Groupon and Tripadvisor Inc. (NASDAQ: TRIP) shares are trading lower than their IPO price. And LinkedIn and Zynga have been acquired since then.
HCA Healthcare
- Company: HCA Healthcare Inc. (NYSE: HCA)
- Industry: Medical Care Facilities
- IPO date: March 9, 2011
- IPO price: $30 per share
- Recent price: $223.34 (+689%)
Aptiv
- Company: Aptiv PLC (NYSE: APTV)
- Industry: Auto Parts
- IPO date: November 22, 2011
- IPO price: $18 per share
- Recent price: $86.39 (+471%*)
Zillow
- Company: Zillow Group Inc. (NASDAQ: ZG)
- Industry: Internet Content & Information
- IPO date: April 18, 2011
- IPO price: $20 per share
- Recent price: $38.15 (+300%*)
Apollo Global Management
- Company: Apollo Global Management Inc. (NYSE: APO)
- Industry: Asset Management
- IPO date: March 29, 2011
- IPO price: $19 per share
- Recent price: $80.16 (+388%)
Capri
- Company: Capri Holdings Ltd. (NYSE: CPRI)
- Industry: Luxury Goods
- IPO date: December 20, 2011
- IPO price: $20 per share
- Recent price: $51.14 (+117%)
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