A look at the 5 biggest IPOs of the year so far and how their stocks fared
The five companies that raised the most money in their stock market debut this year include GoDaddy, the web hosting company known for its racy TV commercials.
Others include a health technology company and a construction materials company. The list, provided by Renaissance Capital, which manages IPO-focused exchange traded funds, ranks the companies by how much money they raised in their initial public offering. Only one, a pipeline operator, raised more than a $1 billion.
Here's a look at the companies and how their stocks have performed since their IPOs.
1. Columbia Pipeline Partners LP
The Houston-based natural gas pipeline operator raised nearly $1.1 billion in February. Its stock is up more than 16 percent since its IPO price of $23 per unit.
2. Inovalon Holdings Inc.
The health technology company, which is based in Bowie, Maryland, raised $600 million in February. The stock is down 7 cents from its IPO price of $27 per share.
3. InfraREIT Inc. (Tied)
The real estate investment trust owns electric transmission and distribution assets in Texas. It raised $460 million. Its shares are up 39 percent since its January IPO price of $23 per share.
3. GoDaddy Inc. (Tied)
The Web hosting company raised $460 million in March. Shares of the company, which is based in Scottsdale, Arizona, are up 24 percent from its IPO price of $20 per share.
5. Summit Materials Inc.
The Denver construction materials company raised $400 million in March. Its stock is up about 23 percent since its IPO price of $18 per share.