The amount of money a company can raise through an IPO depends on several factors, such as the number of shares being offered, the offering price, and investor demand.

Typically, larger and more well-established companies are able to raise more money through an IPO. In recent years, the average IPO size has been around $150 million to $200 million, but some companies have raised significantly more than that.

For example, in 2020, several high-profile companies raised substantial amounts through their IPOs, including Snowflake ($3.4 billion), Airbnb ($3.5 billion), and DoorDash ($3.4 billion). However, it’s important to note that these larger IPOs are the exception rather than the rule, and most companies raise significantly less.

Ultimately, the amount of money a company can raise through an IPO will depend on a variety of factors, including market conditions, the company’s financial performance, and investor demand.