This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Worst IPOs of 2011

Stocks in this article: FFN TBET IFT

NEW YORK ( TheStreet -- The IPO market got off to a strong start in 2011 in terms of deal flow, but the European financial crisis kicked in over the summer and put a stop to the offerings.

According to Renaissance Capital, more than 60% of the 125 deals that debuted went public in the first half of the year as the final six months saw many companies postpone or cancel their offerings.

From a performance standpoint, 2011 was a disappointment with the average IPO down 12% from its pricing level, and only one third of the year's newly public companies trading in positive territory through Thursday's close.

Chinese IPOs especially suffered in 2011 with the whole sector taking a hit as fraud allegations and accounting irregularities at certain companies tainted Wall Street's view of the whole group.

Deal activity from the region slowed this year with only 12 China-based companies debuting with U.S. listings vs. 40 offerings in 2010. Performance was poor as well with the average China-based IPO down 48% in 2011.

In fact, three of the five worst-performing IPOs of 2011 were companies based in China -- China Century Dragon Media (CCDM.PK), Tibet Pharmaceuticals (TBET) and Imperial Holdings (IFT).

Rounding out the five worst performers are FriendFinder (FFN), which billed itself as a dating site, but most saw as something a bit more smarmy, and Kips Bay Medical (KIPS), which reported flat year-over-year sales of just $59,000 in the third quarter and suffered a regulatory setback.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,760.23 -17.92 -0.10%
S&P 500 2,062.14 +0.91 0.04%
NASDAQ 4,749.2630 +0.8670 0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs