The 11 Worst-Performing IPOs Of The Year

pandora ipo

Photo: AP Images

Companies always gain a lot of hype and attention before an IPO.  But more often than not, the only beneficiaries of this hype are the handful of investors who get the stock offer price and immediately flip the stock on the first day of trading.Investors who shelled out for Pandora shares during its first day of trading have taken a 12% hit on their investment.

Ahead of Groupon’s oversubscribed IPO, we’ve put together a list of 11 companies with over $1 billion market cap, that have flagged since floating their shares.

Sometimes the company is just overhyped.  Sometimes it’s just poor market timing.  But these huge IPO’s have been losers for new investors.

 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 market-cap of $1 billion and over.

*A previous version of this feature listed SandRidge Permian Trust due to a calculation error.

Dunkin' Brands Group Inc.

Return since IPO: -6.14%

Closing price on IPO: $27.85 per share

Market Cap: $3.14 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

Linkedin Corporation

Return since IPO: -7.16%

Closing price on IPO: $94.25 per share

Market Cap: $8.42 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

Kinder Morgan

Return since IPO: -9.28%

Closing price on IPO: $31.05 per share

Market Cap: $22.8 billion

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

Source: Google Finance / NYSE


Pandora

Return since IPO: -12.23%

Closing price on IPO: $17.42 per share

Market Cap: $2.47 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

Teavana Holdings Inc.

Return since IPO:: -16.55%

Closing price on IPO: $27.80 per share

Market Cap: $1.09 billion

Teavana Holdings is a specialty retailer of loose-leaf teas and other tea-related goods which first listed on the NYSE on July 28, 2011.

Source: Google Finance / NYSE

Air Lease Corporation

Return since IPO: -18.57%

Closing price on IPO: $27.95 per share

Market Cap: $2.29 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

BankUnited Inc.

Return since IPO: -21.06%

Closing price on IPO: $28.40 per share

Market Cap: $2.18 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


HCA Holdings Inc.

Return since IPO: -25.56%

Closing price on IPO: $31.02 per share

Market Cap: $11.94 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

Apollo Global Management LLC

Return since IPO: -25.96%

Closing price on IPO: $17.68 per share

Market Cap: $1.59 billion

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

Source: Fin Viz / NYSE

Freescale Semiconductor Holdings Ltd.

Return since IPO: -34.32%

Closing price on IPO: $18.33 per share

Market Cap: $2.96 billion

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

Source: Google Finance / NYSE

Kosmos Energy Ltd.

Return since IPO: -42.59%

Closing price on IPO: $18.24 per share

Market Cap: $5.71 billion

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

Source: Google Finance / NYSE


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