With several tech companies already having gone public and more companies planning to do so in the next six months, 2011 may just go down as the year of the tech IPO writes Leena Rao for TechCrunch, who summarizes what’s happened so far and what to expect going forward.
LinkedIn. This much-hyped IPO was one of the first big social media companies to go public, initially trading at $83 per share on May 19 and soaring to $122.70, soaring past a $10 billion valuation. Since then, LinkedIn’s value per share dropped significantly but recently rebounded at 110 percent past its initial pricing.
Pandora. The music stream service debuted on the New York Stock Exchange under the single character symbol “P” and opened at $20 per share on June 15, valuing the company at $3.2 billion. Like LinkedIn, the company’s stock took a bit of a dive but then rebounded.
Yandex. The Russian search engine opened at $35 per share, giving it a market cap of about $11.2 billion–bigger than both LinkedIn and Pandora. Yandex stock has been up and down since it began trading on the NASDAQ May 24, but recently closed at a 40 percent increase from its initial pricing.
Fusion-io. The developer of flash memory technology debuted on the NYSE on June 9 and opened at $25 per share, giving it a nearly $2 billion market cap. Since then, Fusion-io’s stock has performed fairly well, recently closing u p 64 percent from its initial pricing.
HomeAway. The home rental service debuted its IPO last week and saw its shares pop over 30 percent in initial trading, giving it a valuation of $3 billion. In its first week of trading the company’s shares have maintained their value and on Friday closed up 42 percent from its initial pricing.
Renren. The Chinese social network, which pitched itself as a Facebook-like site for the Chinese market went public in early May. Since then its stock has plummeted with a 34 percent drop in value from its initial pricing.
Bankrate. This company provides free rate information to consumers on more than 300 financial products. After pricing its IPO at $15 per share and valuing the company at $1.5 billion, the company’s shares have remained steady and closed Friday up 13 percent.
Next to IPO. Zillow, Kayak, Groupon, and Zynga.
Hasn’t Filed, but Chomping at the Bit. Facebook, Glam Media, and Yelp.
Read more at TechCrunch.