LinkedIn (LNKD) went public on May 19th with a valuation of $4.25 billion and IPO price of $45. The company raised $352.8 million. On its first day, the stock opened at $83, peaked at $122.70 and closed at $94.25. Today, the price is at $64.91 which is up 44% from its IPO price but down 47% from the 52-week high of $122.70. Earnings for the last 2 quarters since IPO have beaten expectations. On November 17th, LinkedIn raised $88 million in a secondary offering at a stock price of $71.
Pandora (P) went public on June 15th with a valuation of $2.6 billion and IPO price of $16. The company raised $235 million after raising its share price 5 times from $7 to $16 per share. On its first day, the stock opened at $20, reached a high of $26.00 and closed at $17.42. Today, the price is at $10.01 which is down 37% from its IPO price and down 61.5% from its 52-week high of $26. Pandora's first quarterly earnings announcement on November 22nd beat expectations.
Groupon (GRPN) went public on November 4th with a valuation of $12.7 billion and IPO price of $20. The company raised $700 million. On its first day, the stock opened at $30, reached a high of $31.14 and closed at $26.11. Today, the price is at $21.89 which is up 9% from its IPO price and down 29% from its 52-week high of $31.14.
Zynga (ZNGA) went public on December 16th with a valuation of $7 billion and IPO price of $10. The company raised $1 billion and became the largest IPO of a US internet company since Google went public in 2004. On its first day, the stock opened at $11, peaked at $11.50 and closed at $9.50. Today, the price is at $9.02 which is down 10% from its IPO price and down 21.5% from its 52-week high of $11.50.
All companies were valuated at the top of their range.
