Back in 1992, the financial world was excited as two great companies, Boston Scientific and Gilead Sciences, made their stock market debuts. With their Initial Public Offerings, these industry titans took center stage, paving the way for groundbreaking advancements in healthcare and biopharmaceuticals. 

Their impact has been enormous, from life-saving medical devices to revolutionary antiviral drugs. So buckle up and dive into the fascinating stories of these companies' IPOs, shares traded, markets conquered, and how they used their newfound wealth. Buckle up as we reveal the incredible stories of these iconic 1992 IPOs!

1. Boston Scientific

The corporation is a global medical technology company that designs and manufactures medical devices in various healthcare settings. The company's primary focus is interventional medical specialties, such as interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, electrophysiology, and structural heart procedures.

On May 19, 1992, Boston Scientific went public, offering 23.5 million shares on the NASDAQ stock exchange under the ticker symbol "BSX." The initial price per share during the IPO was $17, raising approximately $400 million.

Boston Scientific used the proceeds from its IPO for various purposes, including debt repayment, capital expenditures, working capital, R&D activities, and general corporate purposes.

2. Gilead Sciences

Companies That Had Their IPOs in 1992

Gilead Sciences is a renowned company worldwide that specializes in the innovation, development, and commercialization of biopharmaceutical novel medicine that deals with unmet medical needs. The company focuses primarily on antiviral drugs that treat HIV/AIDS, hepatitis B and C, and other viral infections. Gilead Sciences also deals with liver, respiratory, cardiovascular, and oncology diseases.

The company went public on January 22, 1992, raising approximately $86.25 million.

Gilead Sciences used the proceeds from its initial public offering for various purposes, including research and development of new medicines, working capital on the firm, and general corporate purposes. The IPO proceeds aided the company's ongoing efforts to develop and commercialize its novel pharmaceutical products.

3. Starbucks


Starbucks is a well-known multinational coffeehouse and roastery reserve company headquartered in Seattle, Washington. On June 26, 1992, the Starbucks company went public with its Initial Public Offering. The shares of Starbucks were listed on the NASDAQ under the "SBUX."

Starbucks raised approximately $402.5 million from its initial public offering, trading at $8 per share from the 2.1 million shares offered. The total amount raised in the IPO was  The proceeds from the IPO were primarily used to fund the company's expansion plans, which included opening new stores, establishing roasting facilities, and increasing brand awareness. 

Starbucks used the proceeds to fund its rapid growth strategy and to cement its position as the world's leading coffee brand.

4. Amylin Pharmaceuticals

Amylin Pharmaceuticals, now known as AstraZeneca Diabetes, was a US-based pharmaceutical company. It focuses on developing and commercializing drugs for diabetes and other metabolic disorders.

Amylin Pharmaceuticals went public in 1992 with an initial public offering (IPO) raising $20 million.

Pharmaceutical companies use the proceeds from their initial public offerings to fund clinical trials, research and development, manufacturing capabilities, sales and marketing efforts, regulatory compliance, and general corporate purposes. 

5. Fuel Cell Energy

The company specializes in designing, manufacturing, and installing fuel cell-based clean energy solutions. They create and manufacture fuel cell power plants that produce electricity efficiently and with low emissions. On July 15, 1992, Fuel Cell Energy went public, raising $6.5 million.

The proceeds from the IPO will be used for various purposes, including research and development, manufacturing capacity expansion, marketing and sales efforts, acquisitions, debt repayment, and general corporate purposes. The specifics of how Fuel Cell Energy used the proceeds from its initial public offering in 1992 are relatively inexpensive.

6. Bed Bath & Beyond

Talk of home goods retailer stores - Bed Bath & Beyond. They sell bedding, bath items, kitchenware, home decor, and furniture for bedrooms, bathrooms, kitchens, and other home areas.

Bed Bath & Beyond went public on the NASDAQ stock exchange on June 22, 1992, under the "BBBY." 

The proceeds from the Bed Bath & Beyond company IPO were used to fund expansion plans, open new stores, invest in marketing and advertising, improve supply chain infrastructure, repay debt, and support general corporate activities. 

7. Elco Israel

Elco Israel is an Israeli company that primarily works in electrical and electronics engineering and the production and distribution of consumer electronics, home appliances, and electrical products.

Elco Israel's initial public offering (IPO) took place in 1992, raising $40.5 million in the Tel Aviv stock market, where its shares were registered as TLV: ELCO ticker symbol.

Elco Israel used the proceeds to fund operations expansion, R&D, acquisitions, debt repayment, and general working capital.

8. Kohl's

The Kohl's company is a well-established retail chain in Menomonee Falls, Wisconsin in American that sells clothing, accessories, home goods, and other items. 

Kohl's went public on NYSE on May 19, 1992, with the "KSS." During the IPO, Kohl's offered 11 million shares at $18. The IPO raised $198 million in total.

Kohl's IPO proceeds were used for various purposes, including to repay the debts, to cover for capital expenditures, as part of working capital, and general corporate purposes. The funds also aided the company's expansion plans, allowing it to open new stores and strengthen its market position.


The year 1992 saw the birth of two game-changers in their respective industries. Boston Scientific, the medical technology behemoth, debuted on the NASDAQ with a bang, raising over $226 million. Its life-saving devices continue to touch the hearts of people worldwide. Meanwhile, Gilead Sciences took the healthcare sector by storm, making a $30 million debut on NASDAQ. 

They've fought infectious diseases and improved people's lives worldwide with their groundbreaking antiviral drugs. These IPO titans of 1992 not only made history but shaped it! So, the next time you marvel at cutting-edge medical marvels or revolutionary pharmaceuticals, remember that it all started with Boston Scientific and Gilead Sciences' epic IPOs!