Facebook hasn’t had to look too far for good news and good hype leading up to its IPO—whenever that happens, hopefully this month—but it must be comforting for exiting shareholders (CEO Mark Zuckerberg not among them) to see the IPO market has finally become friendly to Silicon Valley. Perhaps this was no more clearly evidenced than the recent IPOs, where companies like Splunk and Yelp enjoyed some serious first-day pop. peHUB tracks more Silicon Valley startups as they become all grown-up, complete with a little day one boost from eager shareholders.
Splunk, for 2012, is the pop-champ of them all—after the company’s shares debuted last month, they soared more than 100% on day one. Big data made it big, and ever since, Splunk has maintained a market cap of around $3 billion.
Image Credit: Splunk
Yelp did well in March, when its IPO popped for 64% in its market debut. Shares have slid slightly since, but chances are, VCs Benchmark and Bessemer are pretty pleased with this public offering.
Image Credit: Courtesy of Yelp.
The VCs that backed Groupon (NEA among them) must have been pretty thrilled last November when the daily deals site went public. Its shares popped for a whopping 40% on day one. Shares wouldn’t remain above $25 for very long, and at the close of trading Monday, Groupon shares were as close as ever to falling beneath the $10 mark as it looked to make permanent changes to its accounting woes.
Image Credit: Groupon
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Debuting at $13 per share, Millennial Media stock took off immediately in late March, more than doubling in the company’s IPO. Not all things were meant to be, however, and the mobile advertising platform’s shares have been subject to some market gravity in the time since, dragging the stock back down to the teens this week.
Image Credit: Millennial Media
Not all IPO news can be good. Sometimes that popping sound may be the sound of things coming undone. Zynga shares initially looked good, but fell on their first day of trading some five percent. After that, things didn’t get much better. However, Zynga only monetizes a fraction of its user base (while Facebook monetizes quite a bit more) and in the topsy-turvy world of mobile gaming, another challenger could arrive for Zynga pretty quickly. It will be much more difficult for a social network to displace Facebook.
Image Credit: Zynga
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