Bigger Than Thou: The Largest Internet IPOs After Facebook
Eight hundred million users have helped to make Facebook's IPO the hot topic of the year and the largest tech IPO in history.
The Internet giant recently filed its official paperwork with the Securities and Exchange Commission for an offer of $5 billion. Many investors believe that number could easily double at IPO. "Either way, it is poised to become the biggest Internet-related IPO on record," reports CNBC.
In all, the social media behemoth expects its valuations to land between $75 and $100 billion. This is certainly a record-breaking figure for Internet IPOs.
A quick walk down memory lane
But how quickly we forget those who came before Facebook, wowing investors with their own relatively high IPO values.
In homage to those who walked the Internet IPO path before Facebook stole the spotlight, we list below the biggest Internet IPOs to hit the U.S market.
It is worth noting that only 6 of the 10 largest Internet IPOs are still around: Genuity, CompuServe, Savvis Communications, and McData were all bought out by other companies.
And of the remaining Internet companies, only half have done well from a valuation standpoint, from IPO to date: (Click here to access free, interactive tools to analyze these ideas.)
1. Google (NAS: GOOG) : Is the world's most popular search engine. Market cap of $195.17B. IPO value: $1.92 billion. Offer price: $85. Current price (as of March 9th) at $600.25. The stock has increased by 606.17% since IPO.
2. Zynga: Develops, markets, and operates online social games on the Internet, social networking sites, and mobile platforms. Market cap of $10.09B. IPO value: $1 billion. Offer price: $10. Current price (as of March 9th) at $13.89. The stock has increased by 38.9% since IPO.
3. Groupon (NAS: GRPN) : Operates an e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. Market cap of $10.88B. IPO value: $805 million. Offer price: $20. Current price (as of March 9th) at $17.06. The stock has decreased by 14.7% since IPO.
4. Vonage Holdings (NYS: VG) : Provides voice and messaging services over broadband networks to residential, small office, and home office customers primarily in the United States, Canada, and the United Kingdom. Market cap of $494.13M. IPO value: $531 million. Offer price: $17. Current price (as of March 9th) at $2.19. The stock has decreased by 87.12% since IPO.
5. Orbitz Worldwide (NYS: OWW) : Operates as an online travel company worldwide. Market cap of $341.30M. IPO value: $510 million. Offer price: $15. Current price (as of March 9th) at $3.29. The stock has decreased by 78.07% since IPO.
6. LinkedIn (NAS: LNKD) : Operates an online professional network. Market cap of $8.79B. IPO value: $406 million. Offer price: $45. Current price (as of March 9th) at $90.13. The stock has increased by 100.13% since IPO.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned above. Analyst ratings sourced from Zacks Investment Research.
Kapitall's Rebecca Lipman does not own any of the shares mentioned above.
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