LinkedIn Stands Out Among Recent Internet IPOs

It’s been almost seven weeks since Facebook made its long awaited stock market debut and now that the smoke has cleared its time to look at the numbers. On Wednesday, July 16, Facebook shares closed at $28.97, down 26% from its IPO price of $38. A disappointing result for what was arguably the most anticipated IPO in years. However, a look at other U.S. internet companies that went public in the past two years reveals that Facebook isn’t the only company struggling to find its groove as a public company.

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This chart shows how U.S. internet companies that went public in 2011 or 2012 have performed on the stock market thus far.

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Estimated and actual valuations of selected U.S. internet companies at their IPO (in billion U.S. dollars)
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Share of IPOs closing above IPO price on the first day of trading in the United States from 2008 to 2021
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Major initial public offerings (IPOs) in the United States up to January 2016 (in billions of U.S. dollars)
Estimated valuation of selected social media platforms at their entrance in the public market as of March 2024 (in billion U.S. dollars)
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Market valuation of selected tech companies at IPO and November 19, 2019 (in billion U.S. dollars)
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Average share of company sold in IPO in the United States from 2014 to 2016, by deal size

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