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10 of the Biggest IPOs in History

        Money | The Stock Market

7
Deutsche Telekom AG
Deutsche Telekom has become one of the world's leading mobile service providers, thanks in part to its $12.48 billion 1996 IPO.
Deutsche Telekom has become one of the world's leading mobile service providers, thanks in part to its $12.48 billion 1996 IPO.
Sean Gallup/Getty Images

When German telecommunications giant Deutsche Telekom AG issued its IPO on Nov. 17, 1996, it was the largest in European history. The company that spawned T-Mobile released more than 713 million shares of itself. By the end of the day, Deutsche Telekom had raised $12.48 billion [source: BusinessWeek].

Trading on the European exchange began on Nov. 17, 1996, and raised the value of the stock to $22.45. Investors who bought the stock as trading began and sold it an hour later made a 19 percent profit for their trouble [source: Ascarelli].

Trading of what came to be one of the hottest telecom stocks in Europe at the beginning of the dot-com bubble was heavy. It was so heavy, in fact, that the European exchange extended their daily trading hours until 7 p.m. for a full week following Deutsche Telekom's IPO [source: Ascarelli].