Facebook (FB) -30.3% From IPO Facebook was by far the biggest tech IPO this year, raising $16 billion with its initial public offering, or about 88% of the total raised from all Internet IPOs this year. The stock quickly fell below its IPO price of $38 a share, but has been on the rebound in recent months.
Click here to view this gallery.
[More from Mashable: Facebook Files for Trademark for Poke ]
This was a mixed year for tech IPOs, but overall, the Internet companies who went public in 2012 fared better than those who did in 2011.
Some 59% of the Internet companies who went public this year were trading above their IPO price as of midday Wednesday and 47% were trading above the price of their first actual trade, according to data compiled for Mashable by Kevin Pleines, an analyst with Birinyi Associates. By comparison, 42% of the Internet companies who went public last year were trading above their IPO price by the end of 2011 and just 14% were trading above the price of their first trade.
[More from Mashable: Facebook in 2012: A Billion Users and Counting]
That may come as somewhat a surprise considering all the negative press surrounding the Facebook IPO, but as Pleines explains, Facebook's troubles arguably overshadowed the success of many other tech companies this year. "Facebook received the bulk of the press in the first half of the year, first on their valuation then the subsequent poor performance," Pleines said. "Many of the other internet companies flew under the radar."
What's more, Pleines says that Facebook's disastrous IPO may have caused other tech companies to rethink the timing and valuation of their own IPOs, which may have prevented similar Internet IPO disasters. In fact, 10 Internet companies went public before Facebook did in May, but only six went public afterwards.
All in all, there were two fewer Internet IPOs this year than last year. The total value of Internet IPOs this year was more than double that of 2011, but the vast majority of that was Facebook. If you take Facebook out of the equation, the total value of the Internet IPOs this year was actually 63% lower than last year, suggesting that this was a less eventful year for tech IPOs than 2011.
Thumbnail image courtesy of Flickr, Andrew Feinberg.
This story originally published on Mashable here.
Blog List
-
Kaley Cuoco Shows Off Fit Physique In Skin-Revealing Yoga Outfit - By Suzy Byrne Kaley Cuoco leaving yoga class in L.A. on Monday. (X17online.com)Kaley Cuoco gave new meaning to hot yoga on Monday when she emerged from cla...12 years ago
Pageviews
Popular Posts
-
By Belinda Goldsmith LONDON (Reuters) - The price of fame can be high with an international study on Thursday finding that people who enjoy...
-
BEIRUT (AP) The general who heads Syria's military police has defected and joined the uprising against President Bashar Assad's regi...
-
WEBSTER, N.Y. (AP) The ex-con turned sniper who killed two firefighters wanted to make sure his goodbye note was legible, typing out his des...
-
SAN FRANCISCO (AP) In the private hell of a mother's grief, the sounds come back to Judy Neiman. The SUV door slamming. The slight bum...
-
NEW YORK (AP) A pension fund for city teachers is pledging $1 billion in new investments toward repairing roads and bridges damaged by...
-
TORONTO (AP) Research In Motion 's stock plunged in after-hours trading Thursday after the BlackBerry maker said it plans to chan...
-
NEW YORK (AP) Radio talk show host Laura Ingraham will soon be back on the air after taking a short break. Courtside Entertainment Gr...
-
AUSTIN, Texas (Reuters) - Former President George H.W. Bush remained in the intensive care unit of a Houston hospital on Thursday, but his...
-
NEW YORK (AP) President Barack Obama has been named Time magazine's "Person of the Year" for 2012. "We are in the m...
-
This week has been a very good one for Research In Motion ( RIMM ) and BlackBerry 10 news. First there was the teaser by...