The biggest IPOs of 2011 have made us reminiscent of the year 2000,when dot coms on cloud 9 fell back down to earth.Hopefully this wont happen again 11 years later.The public hasnt taken too well on these young companies,and even first day prices that soared to almost double thier IPO price have humbly come back down.Given below are the last 30 days trading prices for the 4 biggest online companies of 2011.
possibly the most talked about tech IPO of the year was Groupon which raised $750 million in the biggest capital carnival of Silicon Valley since Google.What started as a bang turned into a whimper when after just 3 weeks of trading, the stock spiraled to below the IPO price set on Nov.3,but has now settled on the sub 30 mark since a week.
$69,mc-6.74bn,96 mn shares,float 10%
linkedin’s first day on the public exchange in May2011 was nothing less than spectacular as the IPO bid price of $45 almost doubled to $87,making co founder Reid Hoffman’s 20 % stake surge past the $1.5 billion mark.This was the highest the stock ever closed at and since that opening day it shed most of its earnings in a drab downward deadlock after the announcement of the company selling $100 mn worth of stock for capital expenditure until finally bouncing up to a modest $69 today,which we might add is a decent show compared to other tech stocks performance
$11,161 mn shares,mc- 1.78 Bn
online radio giant pandora raised 235 million following an interesting trading times for tech companies in 2011.analysts were skeptical of trading on the same market as the big boys and when the inital price of $16 was set,it raised quite a few eyebrows.Like all other tech stocks which opened this year,pandora tumbled too but recovered a little to its current $11 position.
moscow based search engine followed similar trend when its IPO stock price tripled in enthusiasm as other tech stocks bounced back too.following a slight decline in price along the same lines as other internet company stocks its settled at the sub $22 over the last 10 days.