A look at recent tech sector IPOs

Nov 04, 2013

Here is a look at notable tech companies that have conducted initial public offerings over the past two years ahead of Twitter's IPO:

FACEBOOK

The social network started by Mark Zuckerberg, which now has more than 1.1 billion users around the globe, had a rocky debut after it went public at $38 a share in May 2012, raising $16 billion in the biggest tech IPO on record.

Facebook shares fell by more than half in the ensuing months, but this year recovered to hit record highers, bolstered by strong gains in mobile ad revenues. The stock closed Friday at $49.75 giving the leading social network a market value of some $121 billion.

LINKEDIN

The social network for professionals and job-hunters, LinkedIn has been one of the biggest stars of the technology sector since turning to Wall Street in May 2011.

LinkedIn raised $353 million in its IPO, and has seen a spectacular gain in its share price, from $45 on the first day of trading to $219.90 on Friday. The market value is around $24.6 billion.

GROUPON

Online daily deals sensation Groupon went public in November 2011, raising $700 million in what at the time was the biggest initial public offering by an Internet company since Google.

But the Chicago-based company, which was listed on the Nasdaq at $20, has struggled since then and its closed at $9.93 on Friday. Founder Andrew Mason was fired as chief executive of the company in February amid sluggish growth. The market capitalization is some $6.6 billion.

YELP

Shares of restaurant and business review website Yelp have soared since the San Francisco-based company went public in March 2012 with a $15 initial public offering price, raising $115 million.

Yelp shares closed at $67.15 on the New York Stock Exchange on Friday, representing a of $4.38 billion.

PANDORA

Internet radio giant Pandora Media made its Wall Street debut in June 2011, raising $235 million with stock priced at $16 a share.

Pandora, which creates personalized radio stations for users based upon their favorite artists or songs, traded below its offer price until recently but has regained ground to $25.99 on Friday, equating to a market value of $4.59 billion.

ZYNGA

Online gamemaker Zynga was valued at $7 billion when it made its play on the stock market in December 2011, raising $1 billion from investors.

But the behind Facebook games such as FarmVille and Mafia Wars has been on a losing streak since then. Zynga shares, which were offered at $10, closed at $3.58 on Friday. Its is $2.88 billion.

Explore further: As Twitter goes public, a look at other tech IPOs

add to favorites email to friend print save as pdf

Related Stories

Online review site Yelp planning IPO: WSJ

Nov 08, 2011

Yelp is moving ahead with an initial public offering that would value the website which posts user reviews of businesses and services at $2 billion, The Wall Street Journal reported on Tuesday.

Report says Facebook seeks $10 billion in IPO

Nov 29, 2011

(AP) -- Facebook might finally be laying down the groundwork for a highly anticipated initial public offering, long expected to take place sometime after April 2012.

Recommended for you

Chinese e-commerce rivals challenge Alibaba (Update)

2 hours ago

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

Nigeria launches national identity card scheme

16 hours ago

Nigeria's President Goodluck Jonathan on Thursday launched a national electronic identity card scheme, which backers said would boost access to financial and government services in Africa's most populous nation.

Vivendi, Telefonica in talks over Brazil business (Update)

Aug 28, 2014

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

User comments : 0