Biggest energy IPOs in history

Bringing an oil and gas company to market is a notoriously difficult task, but how do some energy companies manage multi billion dollar IPOs and what can you learn from them? Here are my biggest energy IPOs of all time.. Do you agree?

OAO Rosneft – $10.65 billion

OAO Rosneft was Russia’s share sale of its own company. What’s more, Russia had put the oil giant together through seized assets from private enterprises operating in the country.

A number of financiers balked at the IPO, considering it unethical. This didn’t stop Russia from offering the stock — and other investors on the Moscow and London exchanges from buying it. When OAO Rosneft went public on July 13, 2006, it attracted $10.65 billion in capital, with shares underwritten by bankers like JPMorgan and Morgan Stanley. Reported HowStuffWorks

Enel SpA – 16.58 billion

Enel SpA is the second largest energy company in Europe and it has a customer base of 60.5 million — about the population of the entire United Kingdom. The company is also well-known as a pioneer in green energy, with investments in hydroelectric, geothermal, solar, wind and biomass power generation.

It seems that none of this was lost on investors when Enel SpA went public on Nov. 2, 1999. The formerly state-owned company was privatized just ahead of Italy’s move to adopt the euro as its currency. Its IPO of 31.7 percent of the publicly traded company (3.8 billion shares) raised $16.58 billion in capital for the firm, representing 10 percent of the value of the Milan-30 blue chip business index. Reported HowStuffWorks

If you found this interesting you might be interested in how Trap Oil managed their successful 2011 IPO, more information available here