The IPO market spiked at the end of the year, but not all of the deals were successful. See which of the 2009 IPOs have the worst returns on the year -- and what they can teach us about the IPOs of 2010.
NIVS IntelliMedia Technology While China had some of the most successful IPOs of 2009, it also had the worst. NIVS Intellimedia Technology ( NIV) makes audio and video consumer products like LCD televisions and DVD players. The company came to market on March 13 pricing shares at $3.50 each. Since then the stock has sank 37.4% to close on Dec. 8 at $2.19. In its third quarter, profit grew 22% to $5.8 million, or 14 cents a share, compared with $4.8 million, or 13 cents, in the year-ago period. Revenue also jumped 6% to $52.4 million from $49.4 million in the third quarter last year.