IPO PipelineBiggest First Days
LinkedIn Corporation, which keeps business-minded users connected throughout the world, posted the biggest first-day gain of Q2 2011. The company's stock opened at $45 a share on the NYSE and finished the day 109% higher. Meanwhile, social media firm FriendFinder Networks Inc. may have needed a shoulder to cry on after debuting on the NASDAQ. Its offer price dropped 22% over the course of the first day, closing at nearly $8 per share.
Biggest First-Day Gains
| Company Name | Offer Price | Close Price (First Day) |
Percent Change |
| LinkedIn Corporation | $45.00 | $94.25 | 109% |
| Yandex N.V. | $25.00 | $39.00 | 56% |
| Zipcar, Inc. | $18.00 | $28.00 | 56% |
| HomeAway, Inc. | $27.00 | $40.21 | 49% |
| Phoenix New Media Limited | $11.00 | $14.75 | 34% |
| Renren Inc. | $14.00 | $18.01 | 29% |
| Responsys, Inc. | $12.00 | $15.40 | 28% |
| RPX Corporation | $19.00 | $23.88 | 26% |
| 21Vianet Group, Inc. | $15.00 | $18.80 | 25% |
| Arcos Dorados Holdings Inc. | $17.00 | $21.20 | 25% |
Biggest First-Day Drops
| Company Name | Offer Price | Close Price (First Day) |
Percent Change |
| FriendFinder Networks Inc. | $10.00 | $7.85 | -22% |
| NetQin Mobile Inc. | $11.50 | $9.30 | -19% |
| Sequans Communications S.A. | $10.00 | $8.35 | -17% |
| Boingo Wireless, Inc. | $13.50 | $12.10 | -10% |
| Taomee Holdings Limited | $9.00 | $8.23 | -9% |
| Box Ships Inc. | $12.00 | $11.00 | -8% |
| TMS International Corp. | $13.00 | $12.00 | -8% |
| STAG Industrial, Inc. | $13.00 | $12.25 | -6% |
| Compressco Partners, L.P. | $20.00 | $19.00 | -5% |
| Spirit Airlines, Inc. | $12.00 | $11.55 | -4% |