2012 Tech IPO Performance Thru 5/31/2012

With all the media attention around the Facebook IPO over the past couple of weeks, I was interested in looking at how tech IPO’s had done this year.  Given all the negative press on Europe, the state of the US jobs market , and poor initial performance of Facebook, I was expecting to see some pretty poor results for IPOs this year. 

The data surprised me, as 14 of the 20 new tech issues to come public in 2012 were above their offer price at 5/31/2012.  And many were not just above the offer price, but are showing great returns.  With the median return of 11% and the mean at 30% (outliers like Splunk, Synacor, and Guidewire have a huge impact there), I’d say that the tech IPO market still looks pretty vibrant.

Thanks to new teammate David Hickman for helping me gather the data, and the list of companies provided through Dealogic.

 

2012 Technology IPOs          
           
Company Ticker Pricing Date  Offer Price  5/31/2012 % change
Facebook FB 5/17  $        38.00  $       29.60 -22%
Audience ADNC 5/9  $        17.00  $       17.72 4%
Acquity Group AQ 4/26  $         6.00  $         9.01 50%
Envivio ENVI 4/24  $         9.00  $         8.39 -7%
Proofpoint PFPT 4/19  $        13.00  $       14.27 10%
Infoblox BLOX 4/19  $        16.00  $       19.79 24%
Splunk SPLK 4/18  $        17.00  $       32.56 92%
CafePress PRSS 3/28  $        19.00  $       13.91 -27%
Millennial Media MM 3/28  $        13.00  $       13.78 6%
Vipshop Holdings VIPS 3/22  $         6.50  $         5.50 -15%
ExactTarget ET 3/21  $        19.00  $       19.81 4%
DemandWare DWRE 3/14  $        16.00  $       31.11 94%
M/A-Com Technology MTSI 3/14  $        19.00  $       16.56 -13%
Yelp YELP 3/1  $        15.00  $       16.71 11%
Bazaarvoice BV 2/23  $        12.00  $       17.29 44%
Brightcove BCOV 2/16  $        11.00  $       12.68 15%
Synacor SYNC 2/9  $         5.00  $       14.70 194%
Epam EPAM 2/7  $        12.00  $       17.50 46%
AVG AVG 2/1  $        16.00  $       13.61 -15%
Guidewire GWRE 1/24  $        13.00  $       25.91 99%
           
        Median 11%
        Mean 30%
           

 

 

 

About svbmark

I'm a father of four boys; live in the Tri-Valley of the SF Bay Area; technology enthusiast; work with entrepreneurs and venture investors; SF Giants fan; budding wine lover
This entry was posted in Tech, Uncategorized, Valley and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s