Recent tech sector IPOs
The popular short message network Twitter debuted on the NYSE on Thursday at $US26 a share. The stock surged 74 per cent to $US44.90, giving the company a market capitalisation of $US24 billion.
The social media group had a rocky debut after it went public at $US38 a share in May 2012. The shares fell more than half in the ensuing months, but this year recovered and the company is now valued at $US115 billion.
The social network for professionals and job-hunters has been one of the biggest stars of the technology sector since turning to Wall Street in 2011. LinkedIn has seen a spectacular gain in its share price, from $US45 on the first day of trading to $US211.47 on Thursday, for a market cap of $US25 billion.
GROUPON
The online deals group listed on the Nasdaq exchange in November 2011 at $US20 a share. The shares closed at $US9.50 on Thursday, for a market cap of $US6.3 billion.
YELP
The restaurant and business review website's shares have soared since it went public in March 2012 with a $US15 IPO price. They closed at $US61.83 on Thursday, for market cap of $US4.1 billion.
PANDORA
Internet radio group Pandora Media made its Wall Street debut in June 2011, at $US16 a share. Pandora traded below its offer price but has regained ground to $US26.28, for a market capitalisation of $US4.6 billion.
ZYNGA
The online gamemaker was valued at $US7 billion when it debuted in December 2011 at $US10. Zynga closed at $US3.46 on Thursday, a market cap of $US2.78 billion.
Frequently Asked Questions about this Article…
Twitter debuted on the NYSE at $US26 a share and saw a significant surge of 74%, closing at $US44.90. This impressive performance gave Twitter a market capitalization of $US24 billion.
Twitter debuted on the NYSE at $US26 a share and saw a significant surge of 74%, closing at $US44.90. This impressive performance gave Twitter a market capitalization of $US24 billion.
Facebook had a rocky start after its IPO at $US38 a share in May 2012. The shares initially fell by more than half but eventually recovered, leading to a current valuation of $US115 billion.
Facebook had a rocky start after its IPO at $US38 a share in May 2012. The shares initially fell by more than half but eventually recovered, leading to a current valuation of $US115 billion.
LinkedIn has experienced a spectacular increase in its share price, starting at $US45 on its first trading day in 2011 and reaching $US211.47, resulting in a market cap of $US25 billion.
LinkedIn has experienced a spectacular increase in its share price, starting at $US45 on its first trading day in 2011 and reaching $US211.47, resulting in a market cap of $US25 billion.
Groupon went public on the Nasdaq in November 2011 at $US20 a share. However, its shares have since decreased, closing at $US9.50, with a market cap of $US6.3 billion.
Groupon went public on the Nasdaq exchange in November 2011 at $US20 a share. However, its shares have since decreased, closing at $US9.50, with a market cap of $US6.3 billion.
Yelp's shares have soared since its IPO in March 2012, which was priced at $US15. The shares closed at $US61.83, giving Yelp a market capitalization of $US4.1 billion.
Yelp's shares have soared since its IPO in March 2012, which was priced at $US15. The shares closed at $US61.83, giving Yelp a market cap of $US4.1 billion.
Pandora Media debuted in June 2011 at $US16 a share. Although it initially traded below its offer price, it has since regained ground to $US26.28, with a market cap of $US4.6 billion.
Pandora Media debuted on Wall Street in June 2011 at $US16 a share. Although it initially traded below its offer price, it has since regained ground to $US26.28, with a market capitalization of $US4.6 billion.
Zynga was valued at $US7 billion when it debuted in December 2011 at $US10 a share. However, its shares have since decreased, closing at $US3.46, resulting in a market cap of $US2.78 billion.
Zynga was valued at $US7 billion when it debuted in December 2011 at $US10 a share. However, its stock has declined, closing at $US3.46, resulting in a market cap of $US2.78 billion.
The article highlights several notable tech sector IPOs, including Twitter, Facebook, LinkedIn, Groupon, Yelp, Pandora, and Zynga, each with varying performances and market capitalizations.
Recent tech IPOs have shown varied performances, with companies like Twitter and LinkedIn experiencing significant gains, while others like Groupon and Zynga have faced challenges. It's important for investors to consider the volatility and potential for both growth and decline in tech sector investments.
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