Twitter, which introduced plans on Thursday to go public, is the most recent US expertise company to test the waters on Wall Street. Here is a take a look at the fortunes of some other outstanding tech corporations that have carried out initial public offerings during the last two years:
The social community started through Mark Zuckerberg, which now has more than 1.1 billion users worldwide, had a rocky debut after it went public at $38 a share in May, just 2012, with a valuation of $sixteen billion.
Facebook shares fell below $20 over the last year and only climbed again above their offer value in July. fb shares closed at $ forty-four. Seventy-five on Thursday, boosted not too long ago with the aid of experiences that cellular advertising earnings are on the upward push Folk Fests.
The social network for mavens and job-hunters, LinkedIn has been one of the biggest stars of the know-how sector, given that it turned to Wall Street in May 2011.
Shares of LinkedIn more than doubled from their provide value of $45 on the first day of buying and selling. LinkedIn, launched in 2003, closed at $249.70 on Thursday.
Groupon
Online day-by-day offers sensation Groupon went public in November 2011, raising $seven-hundred million in what at the time used to be the most important initial public offering by way of an internet company, considering that Google.
However, the Chicago-based total company, which was once listed on the Nasdaq at $20, has struggled when you consider that then and its share value closed at $11.76 on Thursday. Founder Andrew Mason was once fired as the chief executive of the corporation in February amid a gradual boom.
Yelp
Shares of restaurant and trade review website online Yelp have soared because the San Francisco-based company went public in March 2012 with an $15 initial public offering.
Yelp shares closed at $63.77 on the New York Stock Exchange on Thursday. Yelp, founded in 2004, deals with user-generated opinions of provider companies through metropolises throughout the U.S., Canada, and Western Europe.
Pandora web radio Pandora made its Wall Street road debut in June 2011, raising $235 million with stock priced at $16 a share. Pandora, which creates personalized radio stations for users primarily based upon their favorite artists or songs, traded at its supply price until not too long ago but closed at $23.97 on Thursday. Pandora named a new chief government on Wednesday, sending its stock price up 12 percent for the day.
Zynga online game maker Zynga used to be valued at $7 billion when it made its play on the stock market in December 2011. But the company in the back of Facebook video games comparable to FarmVille and Mafia Wars has been on a losing streak on account of a then. Zynga shares, which have been provided at $10, closed at $three.02 on Thursday.
