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.
LinkedIn Stands Out Among Recent Internet IPOs
Description
This chart shows how U.S. internet companies that went public in 2011 or 2012 have performed on the stock market thus far.
