Facebook's back to zero. Here's 10 recent IPOs that beat that
- Cromwell Schubarth
- Senior Technology Reporter- Silicon Valley Business Journal
- Email | Twitter | Google+
After trading as high as $38.31, however, it finished the day below its version of the Mendoza line at $36.80.
Still, considering how it was worth less than half that amount shortly after it rang the opening bell on the Nasdaq in May 2012, it is a reincarnation worth celebrating.
But the folks who helped the Menlo Park-based social networking giant raise a record amount of money by buying at $38 probably aren't popping the champagne yet. They are just back to zero.
Meanwhile there have been a number of less-celebrated Silicon Valley and Bay Area tech companies that have gone public whose post-IPO run-up puts Facebook to shame.
Click through the accompanying photo gallery to see 10 of the local tech stars whose post-IPO stock performance has beaten Mark Zuckerberg and company.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.
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