2006 was an interesting year.
Google acquired YouTube and Apple found itself in a major lawsuit.
Over 220 companies still hit the exchanges despite turbulent times and some of them are still thriving today. Keep reading to find out which companies went public in 2006 and how they're performing today.
Major world events that happened in 2006 that affected the stock markets
Google buys YouTube: In 2006 Google acquired YouTube for a jaw-dropping $1.65b. Yes, Billion. Many analysts thought they were crazy for executing this deal. Now, YouTube contributes approximately 11% of its overall revenue.
Apple Lawsuit: In 2006 Apple paid $100m to settle a lawsuit with Creative Technologies. It was suggested that Apple infringed a Creative Technology patent via their iPod menu. At the time, Steve Jobs believed Creative Technology got “lucky” with the lawsuit.
Cyclone Larry: Not all events in 2006 were business related. Early in the year, Cyclone Larry caused over $1B in damages to Australian residents in Queensland. Whilst this is devasting, it might not seem clear how this disrupted financial markets. But it did. According to Wikipedia, the cyclone destroyed up to 90% of the Australian Banana crop which saw a 500% increase in exported Bananas.
4 notable companies that went public in 2006
1. Chipotle Mexican Grill
- Country: United States of America
- Stock Exchange: New York Stock Exchange (NYSE)
- Industry: Restaurants
- IPO Price: $22
- IPO Date: January 26, 2006
Chipotle is a famous fast-food Mexican restaurant chain. They're known for their burritos, tacos, burrito bowls, and salads. They compete with other fast-food chains like Taco Bell and El Pollo Loco. The company is committed to reducing its environmental impact by using recyclable and compostable packaging. Whilst I prefer Taco Bell, they're still a great business and are slowly expanding into other parts of the world.
2. Crocs
- Country: United States of America
- Stock Exchange: NASDAQ
- Industry: Footwear & Accessories
- IPO Price: $21
- IPO Date: February 8, 2006
Crocs is a global leader in innovative casual footwear for men, women, and children. They've become incredibly popular in the last 10 years despite their quirky style. They offer a wide range of styles and designs, from the classic clog to new sneakers and sandals. Their products are designed to be comfortable, lightweight, and durable, and are made from Croslite™ foam, a proprietary material that provides cushioning and support. One major difference between Crocs and other footwear brands is their badges. They're able to upsell customers on badges that attach to the shoes and give each pair a truly unique style.
3. Mastercard
- Country: United States of America
- Stock Exchange: New York Stock Exchange (NYSE)
- Industry: Credit Services
- IPO Price: $39
- IPO Date: May 25, 2006
Mastercard has become a household brand in the financial services industry. They're a global payments technology company that connects consumers, financial institutions, merchants, governments, and businesses worldwide. It enables customers to securely and conveniently make payments, receive funds, and access financial services. Mastercard provides a range of products including consumer credit, debit, and prepaid cards, as well as B2B payment solutions. Most people view Mastercard as a credit card company, which is actually inaccurate. They supply the infrastructure to support credit cards.
4. Wotif.com (Acquired by Expedia Group)
- Country: Australia
- Stock Exchange: Australian Stock Exchange (ASX)
- Industry: Travel Services
- IPO Price: $2
- IPO Date: June 2, 2006
Wotif is an Australian online travel agency that helps customers book deals on hotels, flights, holiday packages, and activities. They offer a range of services, including price comparison, flexible payment options, and 24/7 customer support. The company was acquired by Expedia for $658m in 2014 and then removed from the Australian Stock Exchange.
The 225 companies that had their IPO in 2006
| Company Name | Year Founded | Ticker | Current Status |
|---|---|---|---|
| ACA Capital Holdings Inc | 1997 | ACA | Inactive |
| Achillion Pharmaceuticals Inc | 1998 | ACHN | Acquired by Alexion Pharmaceuticals |
| Acme Packet Inc | 2000 | APKT | Acquired by Oracle. |
| Acorda Therapeutics Inc | 1995 | ACOR | Active |
| Aegean Marine Petroleum Ntwrk | 1995 | ANW | Bankrupt |
| AerCap Holdings | 1995 | AER | Active |
| Affymax | 1988 | AFFY | Inactive |
| Aircastle Ltd | 2004 | AYR | Active |
| Alexza Pharmaceuticals Inc | 2000 | ALXA | Acquired by Ferrer Pharma. |
| Allegiant Travel Company | 1997 | ALGT | Active |
| Alliance Holdings GP LP | 1971 | AHGP | Active |
| Allied World Assurance | 2001 | AWH | Active |
| Allot Communications Inc | 1996 | ALLT | Active |
| Alphatec Holdings Inc | 1990 | ATEC | Active |
| Alpine Global Dynamic Div Fund | -99 | AGD | Active |
| Altra Holdings | 1877 | AIMC | Acquired by Regal Beloit. |
| Altus Pharmaceuticals Inc | 1992 | ALTU | Inactive |
| AmComp Inc | 1982 | AMCP | Unknown |
| American Mold Guard Inc | 2003 | AMGIU | Active |
| American Railcar Industries | 1988 | ARII | Active |
| Artes Medical | 1999 | ARTE | Inactive |
| Ascent Solar Technologies Inc | 2005 | ASTIU | Active |
| Atlas Energy Resources LLC | 1968 | ATN | Active |
| Atlas Pipeline Holdings LP | 2000 | AHD | Acquired |
| Aventine Renewable Energy Hlds | 1981 | AVR | Active |
| Bare Escentuals Inc | 1976 | BARE | Acquired by Shiseido. |
| Basin Water Inc | 1999 | BWTR | Active |
| BioMimetic Therapeutics Inc | 1999 | BMTI | Acquired by Wright Medical Group N.V. |
| BlackRock Long-term Muni | -99 | BTA | Active |
| Blackrock Preferred and Equity | -99 | BTZ | Active |
| BlackRock Real Asset Equity Tr | -99 | BCF | Active |
| BreitBurn Energy Partners L.P. | 1988 | BBEP | Bankrupt |
| Buckeye GP Holdings LP | 2006 | BGH | Active |
| Burger King Holdings Inc | 1954 | BKC | Active |
| Cadence Pharmaceuticals Inc | 2004 | CADX | Acquired by Mallinckrodt Pharmaceuticals |
| Cal Dive International | 1975 | DVR | Bankrupt |
| Calumet Specialty Products | 1990 | CLMT | Active |
| Canadian Solar Inc | 2001 | CSIQ | Active |
| Capella Education Co | 1991 | CPLA | Acquired by Strayer Education Inc. |
| Cardica Inc | 1997 | CRDC | Inactive |
| Carrols Restaurant Group | 1961 | TAST | Active |
| Castle Brands Inc | 1998 | ROX | Acquired by Pernod Ricard. |
| Catalyst Pharmaceutical | 2002 | CPRX | Active |
| CBRE Realty Finance | 2005 | CBF | Inactive |
| Chart Industries Inc | 1859 | GTLS | Active |
| China GrenTech Corp Ltd | 1999 | GRRF | Active |
| Chipotle Mexican Grill Inc | 1993 | CMG | Active |
| Claymont Steel Holdings | 1988 | PLTE | Acquired by Evraz |
| Claymore/Raymond James S-B1 | -99 | RYJ | Active |
| Clayton Holdings Inc | 1990 | CLAY | Acquired by Radian Group Inc. |
| Cleveland Biolabs Inc | 2003 | CBLI | Active |
| Clough Global Opportunities | -99 | GLO | Active |
| Cohen & Steers Closed-End | -99 | FOF | Active |
| CommVault Systems Inc | 1988 | CVLT | Active |
| Compass Diversified Trust | -99 | CODI | Active |
| Complete Production Svcs Inc | 2001 | CPX | Active |
| Constellation Energy Partners | 2005 | CEP | Inactive |
| Corel Corp | 1985 | CREL | Active |
| Cowen Group Inc | 1918 | COWN | Acquired by Societe Generale. |
| CPI International Inc | 1948 | CPII | Acquired by TMD Technologies Ltd. |
| Crocs Inc | 1999 | CROX | Active |
| Crystal River Capital Inc | 2005 | CRZ | Inactive |
| CTC Media Inc | 1989 | CTCM | Inactive |
| Danaos Corp | 1972 | DAC | Active |
| Darwin Professional | 2003 | DR | Inactive. |
| Dayton Superior | 1924 | DSUP | Active |
| DCT Industrial | 2002 | DCT | Active |
| Debt Resolve Inc | 1997 | DRV | Active |
| Delek US Holdings Inc | 2001 | DK | Active |
| Digital Music Group Inc | 2004 | DMGI | Inactive |
| DivX Inc | 2000 | DIVX | Acquired by Sonic Solutions |
| Double-Take Software | 1991 | DBTK | Acquired |
| Douglas Emmett Inc | 1973 | DEI | Active |
| DWS Dreman Value IncomEdge | -99 | DHG | Active |
| DynCorp International Inc | 1951 | DCP | Active |
| Eagle Rock Energy LP | 2002 | EROC | Acquired |
| Eagle Test Systems Inc | 1976 | EGLT | Unknown |
| Eaton Vance Credit Opport | -99 | EOE | Active |
| Eaton Vance Tax-Managed | -99 | ETY | Active |
| EHealth Inc | 1997 | EHTH | Active |
| Emergent BioSolutions Inc | 1998 | EBS | Active |
| Energy Transfer Equity LP | 1996 | ETE | Active |
| EV Energy Partners LP | -99 | EVEP | Bankrupt |
| Evercore Partners Inc | 1996 | EVR | Active |
| EXCO Resources Inc | 1955 | XCO | Bankrupt |
| ExlService Holdings Inc | 1999 | EXLS | Active |
| First Mercury Financial Corp | 1973 | FMR | Acquired. |
| First Solar Inc | 1999 | FSLR | Active |
| FIRST TRUST STRAT HIGH INC FD | -99 | FHY | Active |
| First Trust/Aberdeen Emerging | -99 | FEO | Active |
| Fortunet Inc | 1989 | FNET | Inactive. |
| Fuwei Films (Holdings) | 2003 | FFHL | Active |
| GateHouse Media Inc | 1997 | GHS | Active |
| Genesis Lease | 2006 | GLS | Active |
| Geomet Inc | 1985 | GMET | Active |
| Global Income & Currency Fund | -99 | GCF | Active |
| Global Traffic Network Inc | 1997 | GNET | Acquired by iHeartMedia |
| GLOBALSTAR INC | 1993 | GSAT | Active |
| GMarket Inc | 2000 | GMKT | Active |
| Golfsmith Intl Hldg Inc | 1967 | GOLF | Bankrupt |
| Goodman Global Inc | 1975 | GGL | Acquired by Daikin |
| Gp Aeroportuario del Centro No | 1998 | OMAB | Active |
| Grupo Aeroportuario Pacifico | 1998 | PAC | Active |
| Guidance Software | 1997 | GUID | Acquired by OpenText |
| H&E Equipment Services Inc | 1961 | HEES | Active |
| Hansen Medical Inc | 2002 | HNSN | Acquired by Auris Health (subsidiary of Johnson & Johnson) |
| HealthSpring Inc | 2000 | HS | Acquired by Cigna. |
| Heelys | 2000 | HLYS | Active |
| Hertz Global Holdings Inc | 1918 | HTZ | Active |
| Highland Credit Strategies | 2006 | HCF | Active |
| Hiland Holdings GP LP | 1990 | HPGP | Active |
| Himax Technologies Inc | 2001 | HIMX | Active |
| Home Bancshares Inc,Conway,AR | 1998 | HOMB | Active |
| Home Diagnostics Inc | 1985 | HDIX | Inactive |
| Home Inns & Hotels Management | 2001 | HMIN | Active |
| Houston Wire & Cable Co | 1975 | HWCC | Active |
| I N G RISK MANAGED NATUR RES F | -99 | IRR | Unknown (unable to find information on this company) |
| ICF International Inc | 1969 | ICFI | Active |
| IncrediMail Ltd | 1999 | Inactive | |
| InnerWorkings Inc | 2001 | INWK | Active |
| Innophos Holdings Inc | 1988 | IPHS | Acquired by One Rock Capital Partners. |
| Iomai Corp | 1997 | IOMI | Acquired by Intercell AG. |
| IPG Photonics | 1990 | IPGP | Active |
| Isilon Systems | 2001 | ISLN | Acquired by EMC |
| Ivivi Technologies Inc | 1989 | II | Inactive. |
| J Crew Group Inc | 1983 | JCG | Bankrupt |
| Kayne Anderson Energy Dvpt | -99 | KED | Active |
| KBR, Inc. | 1901 | KBR | Active |
| KBW Inc | 1962 | KBW | Active |
| Kohlberg Capital Group | -99 | KCAP | Active |
| Koppers Holdings Inc | 1912 | KOP | Active |
| LeMaitre Vascular Inc | 1983 | LMAT | Active |
| Linn Energy LLC | 2003 | LINE | Bankrupt |
| Liquidity Services Inc | 1999 | LQDT | Active |
| LoopNet Inc | 1997 | LOOP | Active |
| Luna Innovations Inc | 1990 | LUNA | Active |
| Magellan Midstream Holdings LP | 2001 | MGG | Active |
| MasterCard Inc | 1966 | MA | Active |
| MEDecision | 1988 | MEDE | Active |
| Melco PBL Entertainment | 2004 | MPEL | Active |
| Metabolix Inc | 1992 | MBLX | Inactive |
| Mindray Medical International | 1991 | MR | Active |
| Morgan Stanley China A Share | -99 | CAF | Active |
| Morgans Hotel Group Co | 1983 | MHGC | Acquired by sbe Entertainment Group. |
| Morton's Restaurant Group Inc | 1978 | MRT | Acquired by Tilman Fertitta |
| Mueller Water Products Inc | 1857 | MWA | Active |
| Netlist | 2000 | NLST | Active |
| New Oriental Education | 1993 | EDU | Active |
| NewStar Financial | 2004 | NEWS | Acquired |
| Nextest Systems Corp | 1997 | NEXT | Acquired by Teradyne. |
| NightHawk Radiology Holdings | 2001 | NHWK | Acquired by vRad. |
| North American Energy Partners | 1953 | NOA | Active |
| Northstar Neuroscience Inc | 1999 | NSTR | Acquired by St. Jude Medical |
| Novacea Inc | 2001 | NOVC | Inactive |
| NTELOS Holdings Corp | 1897 | NTLS | Acquired by Shentel. |
| Nuveen Global Government | -99 | JGG | Active |
| Nuveen Global Value | -99 | JGV | Active |
| NYMEX Holdings Inc | 1872 | NMX | Acquired by CME Group. |
| Obagi Medical Products | 1988 | OMPI | Acquired by Sientra |
| Omega Navigation Enterprises | 2005 | ONAV | Inactive |
| Omni Financial Services Inc | 1992 | OFSI | Active |
| Omniture Inc | 1996 | OMTR | Acquired by Adobe |
| Omrix Biopharmaceuticals Inc | 1995 | OMRI | Acquired by Johnson & Johnson |
| One Beacon Insurance Group | 1831 | OB | Active |
| Optium Corp | 2000 | OPTM | Acquired by Roche. |
| ORBCOMM Inc | 1993 | ORBC | Active |
| Osiris Therapeutics Inc | 1992 | OSIR | Acquired by Smith & Nephew. |
| Penn Virginia GP Holdings | 1882 | PVG | Acquired |
| Penson Worldwide Inc | 1995 | PNSN | Inactive |
| PGT Inc | 1980 | PGTI | Active |
| Physicians Formula Holdings | 1937 | FACE | Acquired by Markwins Beauty Brands. |
| Porter Bancorp Inc | 1988 | PBIB | Active |
| Qimonda AG | 1952 | QI | Inactive |
| RAM Holdings Ltd | 1998 | RAMR | Inactive. |
| Regency Energy Partners LP | 2005 | RGNC | Acquired |
| Replidyne Inc | 2000 | RDYN | Inactive |
| Resource Capital Corp | 2005 | RSO | Active |
| Restore Medical Inc | 1999 | REST | Acquired by Medtronic. |
| Riverbed Technology Inc | 2002 | RVBD | Acquired by Thoma Bravo |
| RMK Multi-Sector High Income | -99 | RHY | Active |
| RMR Asia Pacific Real Estate | -99 | RAP | Active |
| Ronin Wireless Technologies | 2000 | RNIN | Inactive |
| RRSat Global Communications | 1991 | RRST | Acquired by SES |
| SAIC INC | 1969 | SAI | Active |
| Sealy Corp | 1881 | ZZ | Acquired by Tempur-Pedic. |
| Security Capital Assurance Ltd | 1999 | SCA | Inactive |
| SGX Pharmaceuticals Inc | 1998 | SGXP | Acquired by Eli Lilly |
| Shutterfly Inc | 1999 | SFLY | Acquired by Apollo Global Management |
| Smart Modular Technologies Inc | 1988 | SMOD | Active |
| Smart Move Inc | -99 | MVE | Unknown |
| Solarfun Power Holdings | 2004 | SOLF | Acquired by Hanwha Q Cells |
| Spirit Aerosystems Holdings | 1950 | SPR | Active |
| Stanley Inc | 1966 | SXE | Acquired by CGI. |
| Summit State Bank,CA | -99 | SSBI | Active |
| Susser Holdings Corp | 1938 | SUSS | Acquired by Energy Transfer Partners |
| Synchronoss Technologies Inc | 2000 | SNCR | Active |
| Targacept Inc | 1997 | TRGT | Inactive |
| Techwell Inc | 1997 | TWLL | Unknown |
| Teekay Offshore Partners L.P. | 2006 | TOO | Active |
| Ternium SA | -99 | TX | Active |
| Thermage Inc | 1996 | THRM | Acquired by Solta Medical |
| Thomas Weisel Partners Group | 1998 | TWPG | Acquired |
| Tim Hortons Inc | 1964 | THI | Active |
| Town Sports Int Holdings Inc | 1973 | CLUB | Bankrupt |
| Traffic.com Inc | 1998 | TRFC | Acquired by Nokia. |
| Transdigm Group Inc | 1993 | TDG | Active |
| Trina Solar Limited | 1997 | TSL | Active |
| Trubion Pharmaceuticals Inc | 1999 | TRBN | Acquired by Emergent BioSolutions Inc. |
| U.S. BioEnergy | 2004 | USBE | Acquired |
| Ultrapetrol(Bahamas)Ltd | 1992 | ULTR | Bankrupt |
| Universal Compression Partners | 2006 | UCLP | Active |
| Universal Power Group | 1968 | UPG | Active |
| Valera Pharmaceuticals Inc | 1972 | VLRX | Acquired. |
| Valero GP Holdings Inc | 2000 | VEH | Active |
| Vanda Pharmaceuticals Inc | 2003 | VNDA | Active |
| Venoco Inc | 1992 | VQ | Bankrupt |
| Verasun Energy Corp | 2001 | VSE | Bankrupt |
| Verigy Ltd | 1939 | VRGY | Acquired by Advantest. |
| Visicu Inc | 1998 | EICU | Acquired by Philips |
| Volcano Corp | 2000 | VOLC | Acquired by Philips |
| Vonage Hldgs Corp | 2000 | VG | Active |
| Warner Chilcott Holdings Co | 1968 | WCRX | Acquired |
| Western Refining Inc | 1993 | WNR | Acquired by Tesoro |
| Willdan Group | 1964 | WLDN | Active |
| WNS(Holdings)Ltd | 1996 | WNS | Active |
| WSB Financial Group | 1999 | WSFG | Unknown |
Frequently asked questions
There were approximately 226 IPOs in 2006 according to Wikipedia data and Jay R. Ritter’s data from UF Warrington College of Business. However, it’s hard to find a complete list of every company that has hit the stock exchange for the first time since the global data is fragmented. Please do your own research to confirm this.
As of June 2023, TransDigm Group has a market capitalization of $44B followed by Owens Corning with a market capitalization of $10B. Of course, this is subject to change and you should check for the latest data.
Whilst some companies filed for bankruptcy, they are still operating. Zero companies have been classified as “defunct”.
