A quick look at some other high-tech IPOs
News about the Facebook IPO passes on a billboard outside of NASDAQ in Times Square, New York, Tuesday, May 15, 2012. (AP / Seth Wenig)
When Facebook's stock begins trading publicly on the Nasdaq Friday, the popular social networking website is expected to see a valuation of close to $100 billion. How have some other high-tech giants fared with their IPOs in recent years?
Google – The Internet search company, which valued its IPO at $23 billion, wowed investors on Aug. 19, 2004 when it rose 17 per cent from its offering price of $85 to close at $100.34 on Nasdaq. Since then it has not looked back. In the past year, the shares which currently trade at $633.25, have changed hands in a range of between $473.02 and $670.25.
LinkedIn – When the professional social networking company made its trading debut almost one year ago on May 19, the shares rose as much as 171 per cent in its first day trading on the New York Stock Exchange. They eventually closed at $94.25, more than 109 per cent above the $45 IPO price. The shares which currently trade at $108.15, have seen a range of between $55.98 and $122.70.
Yelp – Shares of the consumer review site closed 64 per cent higher at $24.58 on March 2, a day after the company priced its IPO at $15 a share. The shares, which have traded in a range of between $19.36 and $31.96, currently trade at $20.655 on the NYSE.
Zynga – The shares of the social-game giant known for such popular time-wasters as FarmVille fell five per cent to $9.50 in its first day of trading on Dec. 16 after it priced its IPO at $10 a share. The shares, which have traded in a range of between $7.34 and $15.91, currently trade at $8.16.
Groupon – Shares of the online deals company, which saw its debut on Nov. 4, 2011, rose 31 per cent above its IPO share price of $20 on the first day to settle at $26.11. Since then the issues have traded in a range of between $9.63 and $31.14.
All figures are in U.S. dollars.