Three IPOs with Notable Post-Debut Performance Swings

SpaceX shares plunged post-IPO, mirroring Facebook (now Meta Platforms) which dropped over 30% after its 2012 debut, while Deliveroo's 2021 IPO saw a 26% drop on opening day due to an institutional boycott.

The top 3

  1. Worst Dot-Com IPO Bust: Pets.com's Rapid Demise: Pets.com, a symbol of the dot-com bubble, went public in February 2000 at $11 per share but plummeted to just $0.19 by November of the same year before shutting down. The company famously sold products at a loss, losing $42.4 million in Q4 1999 on only $5.2 million in sales. Pets.com
  2. Biggest Tech IPO Comeback: Facebook's Initial Struggle: Facebook (now Meta Platforms) debuted on May 18, 2012, at $38 per share, but its stock quickly dropped, falling below $18 by September 2012. It took a full 16 months for shares to return to the IPO price in August 2013, before eventually growing over 433% by May 2022 for long-term investors. Meta Platforms (Facebook)
  3. Robinhood's Rollercoaster IPO: Debut Dip, Soaring Highs, Steep Decline: Robinhood (HOOD) IPO'd at $38 in July 2021, dipping 8.4% to $34.82 on its debut day. It then soared to over $85 within days before falling to an all-time low of $6.81 by June 2022. Robinhood Markets

Sources

Open the full topic