The 36 Companies That Had Their IPO In 2008

companies that went public in 2008

Before you even begin reading this article you might already be thinking about the 2008 Global Financial Crisis.

And I don't blame you.

It shook the world, and very much disrupted financial markets across the globe.

It's why less than 50 companies went public.

Regardless of the economic environment in 2008 in this article I'm going to share major world events that impacted the stock markets, which companies went public, and how they're performing today.

Major world events that happened in 2008 that affected the stock markets

scene from the big short movie
Heated scene from The Big Short

Global Financial Crisis: In 2008 the global financial crisis was in full swing after the collapse of Lehman Brothers in September. The crisis led to a severe economic downturn and impacted financial markets across the globe.

Beijing Olympics: China hosted the 2008 Summer Olympics in Beijing, showcasing its economic and technological advancements to the world. As with most Olympics, the event garnered international attention and brought about infrastructural developments in the host city.

Four notable companies that went public in 2008

1. Rackspace Technology

  • Country: United States of America
  • Stock Exchange: NASDAQ
  • Industry:  Software—Infrastructure
  • IPO Price: $21
  • IPO Date: August 8, 2008

rackspace office celebration

Rackspace Technology provides cloud computing, managed hosting, and other IT services. They service businesses of all sizes including enterprises and government organizations. Their value is in their ability to help customers reduce costs, increase efficiency, and improve their overall IT performance.

2. Rosetta Stone Inc. (Acquired by IXL Learning)

  • Country: United States of America
  • Stock Exchange: New York Stock Exchange (NYSE)
  • Industry:  Software Development
  • IPO Price: $18
  • IPO Date: April 16, 2009

rosetta stone home

Rosetta Stone is a leading provider of language learning solutions.

They offer a range of digital products and services designed to help people learn new languages quickly and effectively. Whilst their landscape is competitive with apps such as Duo Lingo becoming popular they've still managed to perform well. They were acquired by IXL Learning on March 17, 2021.

3. Visa Inc.

  • Country: United States of America
  • Stock Exchange: New York Stock Exchange (NYSE)
  • Industry:  Credit Services
  • IPO Price: $44
  • IPO Date: March 18, 2008

visa home page

Visa is a leading global payments technology company that connects consumers, businesses, financial institutions, and governments to fast, secure, and reliable electronic payments. Most people still view Visa as a credit card company, however, they provide the infrastructure that credit card providers leverage.


  • Country: United Kingdom
  • Stock Exchange: London Stock Exchange (LSE)
  • Industry: Internet Retail
  • IPO Price: £23.50
  • IPO Date: August 29, 2008


ASOS is a popular online fashion and beauty retailer. I've purchased many outfits from the company over the years and I'm impressed with their range of options. They host over 85,000 branded and own-label products across womenswear, menswear, footwear, accessories, jewelry, and beauty.

The 36 companies that had their Initial Public Offering (IPO) in 2008

Company NameYear FoundedTickerCompany Status
American Capital Agency Corp-99AGNCActive
American Water Works Co Inc1886AWKActive
ArcSight Inc2000ARSTAcquired by HP.
Asia Time Corporation-99TYMUnknown
ATA Inc1999ATAActive
Bioheart Inc1999BHRTInactive
Blackrock Def Opp Cred Tr-99BHLActive
Britannia Bulk Holdings1999DWTInactive
CardioNet Inc1994BEATAcquired by BioTelemetry
Cascal NV1989HOOAcquired by SUEZ
China Distance Educ Hldgs Ltd2000DLActive
China Mass Med Int Adv Corp2003CMMActive
Colfax Corp1995CFXActive
Energy Recovery Inc1992ERIIActive
Fifth Street Finance Corp-99FSCBankrupt
Grand Canyon Education1949LOPEActive
GT Solar International Inc1994SOLRAcquired by GT Advanced Technologies Inc.
Hatteras Financial Corp2007HTSAcquired
Healthy Fast Food Inc-99HFFIUActive
Heritage-Crystal Clean Inc1999HCCIActive
Hong Kong Highpower Tech Inc2003HPJActive
Intrepid Potash Inc2000IPIActive
IPC The Hospitalist Co Inc1995IPCMAcquired by TeamHealth
MAKO Surgical Corp1997MAKOAcquired by Stryker
Morgan Stanley Frontier Inc-99FFDActive
Pioneer SW Energy Ptnrs LP2007PSEActive
Rackspace Hosting Inc1998RAXAcquired by Apollo Global Management
Real Goods Solar Inc1978RSOLAcquired by SunPower.
RHI Entertainment Inc.1979RHIEInactive.
RiskMetrics Group Inc1994RMGAcquired by MSCI Inc.
Safe Bulkers Inc2007SBActive
Verso Paper Corp1898VRSAcquired by Pixelle Specialty Solutions.
Visa Inc1970VActive
Western Gas Partners LP2007WESActive
Whiting USA Trust I2007WHXActive
Williams Pipeline Partners LP1983WMZActive
Companies that had their IPO in 2008 and their current status

Frequently asked questions

How many IPOs were there in 2008? 

There were approximately 36 IPOs in 2008 according to Wikipedia, Crunchbase, Yahoo Finance, Techcrunch, 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 figure.

Which company that had its IPO in 2008 is currently valued the highest?

As of June 2023, Visa Inc. has a market capitalization of $461B. Of course, this is subject to change and you should check for the latest data.

Which companies that had their IPO in 2008 are now defunct?

Zero company has been classified as “defunct”.

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