As Twitter goes public, a look at recent notable tech IPOs

Advertisement
By Agence France-Presse | Updated: 13 September 2013 10:15 IST
Twitter, which announced plans on Thursday to go public, is the latest US technology company to test the waters on Wall Street.

Here is a look at the fortunes of some other notable tech companies which have conducted initial public offerings over the past two years:

Facebook
The social network started by Mark Zuckerberg, which now has more than 1.1 billion users around the globe, had a rocky debut after it went public at $38 a share in May 2012 with a valuation of $16 billion.

Facebook shares fell below $20 over the past year and only climbed back over their offer price in July. Facebook shares closed at $44.75 on Thursday, boosted recently by reports that mobile advertising revenue is on the rise.

Advertisement

LinkedIn
The social network for professionals and job-hunters, LinkedIn has been one of the biggest stars of the technology sector since turning to Wall Street in May 2011.

Advertisement

Shares of LinkedIn more than doubled from their offer price of $45 on the first day of trading. LinkedIn, launched in 2003, closed at $249.70 on Thursday.

Groupon
Online daily deals sensation Groupon went public in November 2011, raising $700 million in what at the time was the biggest initial public offering by an Internet company since Google.

Advertisement

But the Chicago-based company, which was listed on the Nasdaq at $20, has struggled since then and its share price closed at $11.76 on Thursday. Founder Andrew Mason was fired as chief executive of the company in February amid sluggish growth.

Yelp
Shares of restaurant and business review website Yelp have soared since the San Francisco-based company went public in March 2012 with a $15 initial public offering price.

Advertisement

Yelp shares closed at $63.77 on the New York Stock Exchange on Thursday. Yelp, founded in 2004, offers user-generated reviews of service businesses by city across the United States, Canada and western Europe.

Pandora
Internet radio Pandora made its Wall Street debut in June 2011, raising $235 million with stock priced at $16 a share.

Pandora, which creates personalized radio stations for users based upon their favorite artists or songs, traded below its offer price until recently but closed at $23.97 on Thursday. Pandora named a new chief executive on Wednesday, sending its stock price up 12 percent for the day.

Zynga
Online gamemaker Zynga was valued at $7 billion when it made its play on the stock market in December 2011.

But the company behind Facebook games such as FarmVille and Mafia Wars has been on a losing streak since then. Zynga shares, which were offered at $10, closed at $3.02 on Thursday.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Facebook, LinkedIn, Pandora, Twitter, Zynga
Advertisement

Related Stories

Popular Mobile Brands
  1. Amazon Black Friday Sale Ends Tonight: Best Deals on Smart TVs and More
  2. Scientists Warn Southern Ocean Could 'Burp' Stored Heat, Delaying Global Cooling
  3. Vivo X300 Ultra Launch Timeline, Battery Capcity Leaked
  4. Lava Play Max Could Launch in India Soon at This Price
  5. New GTA 6 Leak Allegedly Shows In-Development Footage From Game
  6. What the SIM-Binding Rule Means for User Privacy in India
  7. Researchers Claim to Jailbreak Gemini 3 Within Minutes
  8. Redmi 15C 5G Confirmed to Launch With 6,000mAh Battery and This Chip
  1. Scientists Warn Southern Ocean Could ‘Burp’ Stored Heat, Delaying Global Cooling for 100 Years
  2. New Gravitational-Wave Signal May Reveal Primordial Black Holes Born After the Big Bang
  3. James Webb Space Telescope Finds Unexpected Ultraviolet Radiation Around Young Protostars
  4. Cristina Kathirvelan Begins Streaming on Aha Tamil: A Heartwarming Tale of Love and Mistaken Identity
  5. Ranveer Singh-Starrer Dhurandhar OTT Release Date Reportedly Out: Everything You Need to Know
  6. Bad Guys 2 Now Streaming Online: What You Need to Know About DreamWorks’ Funniest Heist Crew
  7. Dracula: A Love Tale Now Available for Rent on Amazon Prime Video: What You Need to Know
  8. The Girlfriend OTT Release Date: When and Where to Watch Rashmika Mandanna Starrer Online?
  9. Redmi 15C 5G Key Specifications Confirmed; Will Launch in Three Colour Options
  10. Google’s Gemini 3 Reportedly Jailbroken in Minutes, Generates Ways to Create Smallpox Virus
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.