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How the Internet IPOs of 2012 Fared
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.
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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.
That may come as somewhat a surprise considering all the negative press surrounding th…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/DRsi7eIsK5I/
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