On July 26 Facebook, which had the largest tech IPO in U.S. history, released its first earnings report since going public in May. The company reported earnings that met expectations, but its stock price is still a far cry from its IPO price. So, what is happening with other tech companies whose IPOs were highly anticipated? Here’s a look at where some of the tech companies that recently went public are now.
In December 2011, Zynga went public, raising $1 billion in its initial public offering. At that time, it was the biggest tech IPO since Google, which had raised $1.7 billion in its IPO. Since its market debut, the creator of the popular Facebook game FarmVille has continued to roll out more social games and has made some acquisitions, including a high-profile one of “Draw Something” maker OMGPop. But the road been a little bumpy for Zynga. On July 25 the game developer posted a $22.8 million loss, which it attributed in part to delays in launching some games. Zynga’s stock ended July 26 down 68 percent from its $10 IPO price. Robert Galbraith/Reuters Buy Photo