12 Of The Worst-Performing IPOs Of The Year

Groupon IPO

Photo: NASDAQ

Groupon’s initial rally is now history. The stock closed at $26.11 on the day of its IPO and traded higher for a few days, but has plummeted to $17.24 per share today.

Other companies that were heavily oversubscribed at the time of their IPO have also suffered similar fates. We’ve compiled a list of 12 companies with over $1 billion market cap, that have tumbled since their IPO.NOTE: Most investors are unable to get an IPO at the offer price. As such, we rank the IPOs to-date performance based on the closing price on the first trading day. The list includes only U.S. companies with a current market-cap of $1 billion and over.

Kinder Morgan Inc.

Return since IPO: -8.44%

Closing price on IPO: $31.05 per share

Market Cap: $23.01 billion

Kinder Morgan Inc. first listed on the NYSE on February 11, 2011.

Source: Google Finance / NYSE


Delphi Automotive PLC

Return since IPO: -9.34%

Closing price on IPO: $21.33 per share

Market Cap: $6.37 billion

Vehicle components manufacturer, Delphi Automotive, first listed on the NYSE on November 17, 2011

Source: Google Finance / NYSE

Dunkin' Brands Group Inc.

Return since IPO: -10.16%

Closing price on IPO: $27.85 per share

Market Cap: $3 billion

Founded in 1950, Dunkin' Brands is a holding company that runs several chains of fast-food restaurants. The company listed on the NASDAQ on July 27, 2011.

Source: Google Finance

Air Lease Corporation

Return since IPO: -21.04%

Closing price on IPO: $27.95 per share

Market Cap: $2.22 billion

Air Lease Corporation is an aircraft leasing company that is also pursuing opportunities in the banking sector and capital markets. It began trading on April 20, 2011.

Source: Google Finance / NYSE

HCA Holdings Inc.

Return since IPO: -24.53%

Closing price on IPO: $31.02 per share

Market Cap: $10.22 billion

HCA Holdings Inc. is a non-governmental hospital operator in the U.S. it was first listed on March, 10 2011.

Source: Google Finance / NYSE

BankUnited Inc.

Return since IPO: -27.29%

Closing price on IPO: $28.40 per share

Market Cap: $2.01 billion

BankUnited Inc. is a Florida-based savings and loan holding company and it first listed on the NYSE on January 28, 2011.

Source: Google Finance / NYSE


Linkedin Corporation

Return since IPO: -29.44%

Closing price on IPO: $94.25 per share

Market Cap: $6.41 billion

Business networking site Linkedin first listed on the NYSE on May 19, 2011. The site had 33.9 million unique visitors in June 2011.

Source: Google Finance / NYSE

Groupon Inc.

Return since IPO: -34.01%

Closing price on IPO: $26.11 per share

Market Cap: $10.98 billion

Daily deal website Groupon listed on the NASDAQ on November 4, 2011.

Source: Google Finance / NYSE

Freescale Semiconductor Holdings Ltd.

Return since IPO: -36.28%

Closing price on IPO: $18.33 per share

Market Cap: $2.87 billion

Embedded processing semiconductors and solutions provider Freescale Semiconductor Holdings Ltd. first listed on the NYSE on May 26, 2011.

Source: Google Finance / NYSE

Apollo Global Management LLC

Return since IPO: -37.80%

Closing price on IPO: $17.68 per share

Market Cap: $1.39 billion

Apollo Global Management LLC is a global alternative asset manager for pension funds, individual and institutional investors.

Source: Fin Viz / NYSE

Pandora

Return since IPO: -39.21%

Closing price on IPO: $17.42 per share

Market Cap: $1.71 billion

Automated music recommendation company Pandora, which emerged from the Music Genome Project, first listed on the NYSE on June 15, 2011

Source: Google Finance / NYSE

Kosmos Energy Ltd.

Return since IPO: -50.78%

Closing price on IPO: $18.24 per share

Market Cap: $4.9 billion

Independent oil and gas exploration and production company Kosmos Energy began trading on May 13, 2011.

Source: Google Finance / NYSE


But perhaps investors are inclined to making poor decisions...

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