Slideshow: LinkedIn, Solazyme, Zipcar, 33 Other VC-Backed IPOs Bloodied in Market Beatdown

Traders showed no love for VC-backed IPOs in today’s bloodbath on Wall Street. Of the 38 venture-backed companies that have gone public this year, 36 saw their share prices drop today and two were flat, according to data from Thomson Reuters (publisher of peHUB).

All market indices were hammered, with the Dow Jones Industrial Average plummeting 635 points in its 6th biggest single-day drop in history. Today’s downturn followed a modest market uptick on Friday, after a major market correction last Thursday.

Among newly public VC-backed companies, today’s five biggest losers on a percentage basis were Sequans Communications (NYSE: SQNS), down 20.1% to $5.70; Solazyme (Nasdaq: SZYM), down 18.5% to $14.35; LinkedIn (NYSE: LNKD), down 17.4% to $75.47; 21Vianet Group (Nasdaq: VNET), down 16.2% to $10.35; and Kior (Nasdaq: KIOR), down 15.8% to $10.28.

On a dollar basis, the biggest VC-backed losers were LinkedIn, which fell by $15.89; Yandex (Nasdaq: YNDX), down $3.79 to $27.04; Sagent Pharmaceuticals (Nasdaq: SGNT), off $3.56 to $23.39; Solazyme, down $3.26; and Zipcar, off $2.43 to $21.42.

For a look at how all 38 VC-backed stocks performed today, watch the following slideshow. It’s organized alphabetically.

This slideshow requires JavaScript.

Related Posts

Leave a Reply

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget