FORTUNE – For all the attention the media gives Internet companies when they go public, it's worth noting that the majority of the biggest IPOs in 2013 will not be related to the tech world, at least not directly.
The latest example comes from Hilton Worldwide, which on Monday said it could raise as much as $2.4 billion. It plans to sell 112.8 millions shares for $18 to $21 each; selling additional shares to banks could put the proceeds at as much as $2.72 billion. If that happens, Hilton, which plans to return to the public market this month, would be the second biggest IPO this year, outshining online micro-blogging service Twitter, which last month raised $1.8 billion when it listed on the New York Stock Exchange.
The biggest IPOs this year aren't always the companies that make major headlines in the mainstream press. With about a month left before the end of the year, proceeds from U.S. IPOs total $43.4 billion, ahead of 2012's $42.4 billion and trailing only 2007's $48.7 billion. This is the highest total since the tech bubble, according to Renaissance Capital. The majority of the 10 biggest public offerings this year have come from companies that have been around for more than a decade – besides technology, they have been concentrated in health care and financial services. Such companies probably don't garner as much attention because they are a lot less consumer focused than the likes of Twitter and Facebook.
True, Hilton is a big name. Unlike Twitter (TWTR), however, the hotel chain is profitable and has a history that stretches back by nearly a century. The Blackstone Group (BX) took it private for $20 billion in 2007, shortly after the recession began, as hotel operators were hurt by a drop in business travel, fewer vacationers, and falling real estate prices. Hilton has since bounced back, as the hotel industry continues to recover and investors look to cash in as stock prices soar.
The biggest IPO so far this year has come from Houston-based oil pipeline company Plains GP Holdings (PAGP), which raised $2.8 billion in October, followed by Zoetis (ZTS), that is if Hilton doesn't unseat the 60-plus-year-old maker of vaccinations and medicines for pets and livestock. A subsidiary of Pfizer (PFE), the company raised $2.2 billion when it went public in January.
Here are the 10 biggest IPOs of 2013:
I took to the Twittersphere to defend my article on Wal-Mart's pay problem.
FORTUNE -- Earlier this week, I wrote an article saying Wal-Mart could afford to significantly increase what it pays its employees.
My basic argument: Wal-Mart, like all companies, has to split up the money it generates between investors, lenders, and workers. And when you take a look at where shares of Wal-Mart (WMT) are trading, it seems to imply MOREStephen Gandel, senior editor - Nov 15, 2013 4:40 PM ET
A longtime critic of corporate tax loopholes concedes that JPMorgan and Twitter are not tax dodgers.
FORTUNE -- The odd couple of JPMorgan Chase and Twitter made news Thursday when the bank canceled a planned session on Twitter featuring vice chairman Jimmy Lee, because it attracted a ton of hostile tweets, such as, "When [JPM CEO] Jamie Dimon eats babies are they served rare?"
The bank and the social media company are MOREAllan Sloan, senior editor-at-large - Nov 15, 2013 5:00 AM ET
How much will Twitter have to make in profits to pay for the $1 billion it left on the table?
FORTUNE -- Twitter's debut as a public company stunningly illustrates that two of the most baffling customs in the investment business are back in full force. Both are hallmarks of frothy markets that typically retreat in tough times. The first is Wall Street's preferred IPO process that enriches the banks and MOREShawn Tully, senior editor-at-large - Nov 8, 2013 12:52 PM ET
Congress wants to squeeze more tax revenue out of Twitter, but it's looking in the wrong place.
FORTUNE -- As Wall Street toasted Twitter this week, a very different view toward the company took hold in Washington, D.C., where Senators John McCain (R-AZ) and Carl Levin (D-MI) accused Twitter of exploiting a massive tax loophole. Specifically, they wrote:
"When Twitter goes public later this week, the company may avail itself of this existing MOREDan Primack - Nov 7, 2013 5:06 PM ET
NYSE gets Twitter... and the title.
FORTUNE -- This must be a pretty rough morning over at the NASDAQ.
First, chief rival NYSE managed to bring Twitter (TWTR) public without any of the tech snafus that NASDAQ suffered through last year with Facebook (FB). Now, NYSE gets to rub even more salt in the wound, thanks to this new Thomson Reuters infographic:
It is worth noting, however, that NASDAQ has making inroads in MOREDan Primack - Nov 7, 2013 11:46 AM ET
Fortune managing editor talks about Twitter's IPO, and its future prospects.
FORTUNE -- Andy Serwer went on CBS This Morning to discuss Twitter's IPO, and why he believes that even better times may be ahead for the micro-messaging service.
RELATED:In Twitter IPO, Wall Street reserved info for top clients Twitter leaves more than $1 billion on the table What are Twitter employees tweeting this morning? Nov 7, 2013 11:20 AM ET
Twitter made a ton of money from its IPO, but its bankers got the better deal.
FORTUNE -- Twitter began trading this morning at $45.10 per share, after pricing its IPO last night at $26 per share. Or, put another way, Twitter (TWTR) left more than $1.3 billion on the table. Or, put even another way, more than twice what the company will generate in revenue this year.
To be sure, Twitter MOREDan Primack - Nov 7, 2013 11:09 AM ET
Twitter employees have some big news to share...
FORTUNE -- Twitter (TWTR) this morning is going public after the second-largest Internet IPO in history. Not surprisingly, company employees are sharing the moment the way they know best: Via Twitter.
Below is a selection of tweets from Twitterers (current and former):Dan Primack - Nov 7, 2013 10:12 AM ET
Twitter's investment bankers are telling their clients one thing while Main Street hears a different story.
FORTUNE -- Once again, Wall Street is telling its top-paying clients one thing, and the rest of us are getting a different story. This time it's the Twitter (TWTR) IPO.
According to the Wall Street Journal, analysts who work for Goldman Sachs (GS) and other banks on the IPO, which raised $1.8 billion, have been privately MOREStephen Gandel, senior editor - Nov 7, 2013 5:00 AM ET
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