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     landmarks

This note highlights selected Initial Public Offerings (IPOs).

Context is provided by the multi-page communications & media timeline on this site.

     1984

BT - UK government sells 50% for US$4.5bn

     1996

Lucent Technologies - US$3.02bn on New York Stock Exchange (NYSE)

     1997

Telstra - $14.3bn on Australian Stock Exchange (ASX)

     1998

Conoco - DuPont gains US$4.4bn through IPO of 30% of Conoco

NSW TAB - $945m on ASX

     1999

TD Waterhouse - US$1bn

e.Biscom - US$1.5bn on Milan Stock Exchange

UPS - US$5.47bn

     2000

PetroChina Company - US$2.9bn on NYSE and Hong Kong Stock Exchange (HKSE)

AT&T Wireless Group - US$9bn in spinoff from AT&T

Uecomm - $315m on ASX

China Petroleum & Chemical Corporation - US$3.5bn on HKSE, NYSE and London Stock Exchange (LSE)

China Unicom - US$5.6bn on HKSE

Kozmo.com IPO withdrawn

     2001

Kraft Foods - US$8.7bn on NYSE

     2002

China Telecom - US$1.5bn on HKSE and NYSE

KT (former Korea Telecom) - 20% for US$3.8bn

Travelers Property Casualty - US$3.9bn on NYSE in spinoff from Citigroup

PayPal - US$60m

Alcon - US$2.3bn on NYSE in spinoff from Nestlé

     2003

Yell - €1.64bn on LSE

Yellow Pages Group - C$935

Promina Group - $1.9bn on ASX

Bank Austria Creditanstalt - €958m on Wiener Börse

China Life Insurance Company - US$3.47bn on NYSE and HKSE

     2004

Air China - US$1.2bn on HKSE and LSE

Google - US$1.67bn

Belgacom - €3.6bn

Premier Foods - US$752m on LSE

ConnectEast - $1.4bn

Genworth Financial - US$2.8bn on NYSE

France Télécom - 10% on Paris Bourse for €5.1bn

Pacific Brands - $1.25bn on ASX

Admiral - US$477m on LSE

Ping An Insurance - US$1.84bn on HKSE

China Netcom - US$1.3bn on HKSE and NYSE

Eircom - €296m

Halfords Group - US$562m on LSE

Chinese Semiconductor Manufacturing - US$1.8bn

Assurant - US$1.76bn

Japan Electric Power Development Co (J-Power) - US$3.4bn on NYSE

     2005

China Construction Bank (second-largest bank in PRC) - US$8bn IPO on HKSE

Babcock & Brown - 34% for $550m on ASX

Wright Express - US$700m on NYSE

EFG International - US$1.1bn in Zurich

Macquarie Media Group - $937m on ASX

Sumco - US$1.3bn on Tokyo Stock Exchange

Electricité de France - IPO of 15% stake on Paris Bourse raises €7bn

Gaz de France - IPO of minority stake in Paris and NYSE raises €4.5bn

China Shenhua Energy Corporation - US$3.3bn

Vladimir Lisin pockets US$700m from sale of shares in London IPO of Novolipetsk Steel (market capitalization of US$8.7bn)

Spark Infrastructure Fund - US$1.2bn on ASX

Goodman Fielder bakery unit of Burns Philp - US$1.6bn on ASX

Inmarsat - £1.1bn on LSE



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