IPO PipelineBest & Worst Returns
Professional networking site LinkedIn Corporation proved it didn't need a ladder to reach the top…of the IPO market, that is. In Q2 2011 the firm doubled its offer price to close the quarter at $90 a share on the NYSE. In contrast, FriendFinder Networks Inc. was all alone at the bottom after debuting on the NASDAQ in Q2. The company, which boasts about 300 million members of its social networking websites, saw its stock price fall 59% after opening at $10 a share.
Best Returns
| Company Name | Offer Price | Close Price (End of Quarter) |
Percent Change |
| LinkedIn Corporation | $45.00 | $90.09 | 100% |
| Sagent Holding Co. | $16.00 | $26.98 | 69% |
| Fusion-io, Inc. | $19.00 | $30.09 | 58% |
| Responsys, Inc. | $12.00 | $17.73 | 48% |
| RPX Corporation | $19.00 | $28.03 | 48% |
| HomeAway, Inc. | $27.00 | $38.70 | 43% |
| Sequans Communications S.A. | $10.00 | $14.25 | 43% |
| Yandex N.V. | $25.00 | $35.51 | 42% |
| CVR Partners, LP | $16.00 | $22.46 | 40% |
| GNC Holdings, Inc. | $16.00 | $21.81 | 36% |
Worst Returns
| Company Name | Offer Price | Close Price (End of Quarter) |
Percent Change |
| FriendFinder Networks Inc. | $10.00 | $4.06 | -59% |
| NetQin Mobile Inc. | $11.50 | $5.50 | -52% |
| Renren Inc. | $14.00 | $8.85 | -37% |
| Boingo Wireless, Inc. | $13.50 | $9.08 | -33% |
| Box Ships Inc. | $12.00 | $9.88 | -18% |
| Lone Pine Resources Inc. | $13.00 | $10.62 | -18% |
| Phoenix New Media Limited | $11.00 | $8.97 | -18% |
| China Zenix Auto International Limited | $6.00 | $5.20 | -13% |
| Preferred Apartment Communities, Inc. | $10.00 | $9.09 | -9% |
| Air Lease Corporation | $26.50 | $24.29 | -8% |