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.
Vitacost.comVitacost.com ( VITC), an online retailer that sells health and wellness products, priced 11 million shares of common stock at $12 each, in the middle of its expected range. However, since it began trading on Sept. 24, the stock has tumbled 29% to close at $8.50 on Dec. 8. In the past four years, Vitacost's sales have grown by an average of 48%, according to Morningstar, while its operating margin improved to 13% in the first quarter of 2008 compared with just 2% in the year prior. Still, investors worry about Vitascost's long-term prospects. "We think larger companies like Amazon ( AMZN), Drugstore.com ( DSCM) and GNC can use their scale advantages to offer lower prices in the long run," Morningstar wrote in a note.