This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech's Top IPOs of 2011

NEW YORK ( TheStreet) -- While recent technology initial public offerings enjoyed large pops on their first day of trading, these stocks have come crashing back to earth.

Groupon (GRPN - Get Report), whose shares rose 40% on the company's first day of trading, has seen its fortunes largely reverse since then.

Shares of the daily deal site closed Friday at $16.75, a decline of 36% since Groupon's IPO debut and well below its initial offer price of $20.

Other newly public tech companies also have seen sharp declines in their stock prices within the last two weeks, including LinkedIn (LNKD - Get Report) and Pandora (P - Get Report).

This trend could have serious consequences for other tech companies looking to access the public markets this year, including Yelp, which recently filed a $100 million IPO, and Zynga.

Forty-one tech companies have gone public so far this year, the most of any other industry, according to Renaissance Capital. But tech stocks have lost an average of 18%, making the sector among the worst performing.

"The luster of going public is slowly wearing off now," said Scott Sweet, senior managing partner at IPO Boutique.

But not all tech stocks have seen a significant drop this year. We take a look at several notable newly public tech companies, how they've performed and what analysts are expecting going into 2012.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AWAY $0.00 0.00%
FIO $0.00 0.00%
ANGI $8.75 0.00%
GOOG $693.01 0.00%
GRPN $3.62 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs