From Business Insider
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 on Nov. 23.
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. (Source: Google Finance/NYSE)
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: http://powerwall.msnbc.msn.com/business/the-12-worst-performing-ipos-of-the-year-11136.gallery
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