CHART OF THE DAY: Facebook's Horrible IPO In Context

button more charts
button chart prev
button chart next

With shares in Facebook continuing their tumultuous run, and Nasdaq saying it would set aside some $40 million for traders who lost money because of delayed communication from the exchange, BI wanted to know how Facebook’s 30 per cent decline compared to other initial public offerings.

BI analysed first month returns of 3,700 listings (earlier, BI ran the same chart analysing only companies who raised only $500 million or more — there were about 290 of them).

Among those large listings, Facebook’s performance looked all the more bleak — only eight companies posted greater first month drops (including Renren and Vonage).

chart of the day, disastrous ipo, june 2012

SEE ALSO: Eight unforgettable IPO disasters >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.