Before going on TV earlier today to discuss IPOs, I asked our data folks to run some aftermarket performance numbers. It was my sense that the typical 2009 IPO had performed well since pricing (and my certainty that most of them priced at the upper ends of their ranges), but I felt it best to be safe.
Through market close yesterday, the average IPO’d company was trading at 23.1% higher than its initial offering price. This includes all 18 offerings that priced on U.S. exchanges, including foreign issuers like Avago.
Venture-backed offerings did even better, trading at 38.1% above their initial offering price. This includes a negative figure for LogMeIn, which has quietly sunk since its first-day pop.
You can download the data run here. Company-by-company listings are on the second sheet.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.