Tech IPOs: Where are they now?

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.

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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

CEO Mark Zuckerberg is seen on a screen televised from Facebook headquarters in Menlo Park, Calif., moments after the company’s IPO launch in New York, May 18, 2012. Facebook became the third-largest IPO in U.S. history and the largest U.S. tech IPO as it raised $16 billion. The social networking behemoth suffered a brutal first day of trading, closing at $34.03, well below the company’s initial offering price of $38. On July 26, Facebook reported its first earnings since going public. It met expectations but failed to convince investors that the social network had found a business model that would make it an enduring powerhouse. After its second-quarter performance was unveiled, shares sank 11 percent, reaching their lowest since the company’s IPO. The stock closed at $26.85, down 29 percent from its IPO price.

Shannon Stapleton / Reuters

In May 2011, LinkedIn became the first U.S. social-networking company to go public. LinkedIn’s stock price more than doubled during its IPO, which valued the professional networking site at nearly $9 billion after its first day of trading. Almost a year after going public, LinkedIn announced that it was going to buy presentation service SlideShare. In June 2012, the company announced that it was hit with a breach in which millions of passwords were affected. But that did not seem to shake investors that much as the company’s stock is still going strong. On July 26 LinkedIn’s stock was up 124 percent from its $45 IPO price.

Paul Sakuma / AP

Jeremy Stoppelman, chief executive officer of Yelp, center, rings the opening bell at the New York Stock Exchange on March 2, 2012, on its first day of trading. The review site’s shares surged more than 60 percent that day. Since going public, Yelp has launched in Finland, Norway and Denmark. In June, the company announced that it was going to “power Bing’s local search.” Yelp’s stock price was up 31 percent from its $15 IPO price.

Jin Lee / Bloomberg

In November 2011, online daily deals site Groupon had the biggest IPO by a Web company since Google. The company raised $700 million in its IPO. In its first earnings release since going public, Groupon announced its revenue more than doubled, but it had suffered a net loss of $43 million. The company later revised its revenue saying that it made $14.3 million less that what it had reported. Since its market debut, Groupon has added additional services, such as the Groupon Scheduler for small businesses, and has launched in Thailand. In June 2012, the site’s traffic dropped 15 percent from the previous year,, the Associated Press reported. On July 26, Groupon’s stock was down 67 percent from its $20 IPO price.

Charles Rex Arbogast / AP

Online radio streaming service Pandora went public in June 2011 and saw its shares jump 9 percent from its $16 IPO price during its first day of trading. At the time, Pandora’s successful offering confirmed investor interest in a new generation of Internet stocks that have captivated consumers with innovative models for networking, and creating and sharing content online. Since its IPO, Pandora redesigned its site and eliminated listening caps. On July 23, the company announced that its audience continues to grow. The company, however, is still trying to convince investors that “it can sell enough advertising and subscriptions to offset the royalties,” it pays to artists the Associated Press reports. Pandora’s stock was down 42 percent from its IPO price on July 26.

David Paul Morris / Bloomberg

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HOUSTON, TX—APRIL 25: Naomi Haskell poses for a portrait with her son, Spencer, 19, at her home in suburban Houston, Texas, on Thursday, April 25, 2013. Since he was diagnosed with a type of schizophrenia two years ago, her focus has been on keeping him well. (Photo by Nikki Kahn/The Washington Post)

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ANNAPOLIS MD: MAY 24
The Class of 2013 culminates their commissioning ceremony with the hat toss, a traditional ending to the ceremony, originated at the Naval Academy in 1912. The 'hat toss' has since become a symbolic and visual end to the four-year program. Photographed at the Navy-Marine Corps Memorial Stadium in Annapolis, Maryland on May 24, 2013.
(Photo by Marvin Joseph/The Washington Post)

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The 2013 Class of the U.S. Naval Academy holds its graduation and commissioning ceremonies. President Obama spoke at the graduation.

PITTSBURGH, PA - MAY 19: Mark Melancon #35 of the Pittsburgh Pirates pitches in the eighth inning against the Houston Astros during the game on May 19, 2013 at PNC Park in Pittsburgh, Pennsylvania. The Pirates defeated the Astros 1-0. (Photo by Justin K. Aller/Getty Images)

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epa03714567 A Thai Buddhist family take an offering of lotus flowers to pay respects to a giant Buddha surrounded by more than 1,000 smaller Buddha statues at a Buddhism Park, on Vesak or Visakha Bucha day, in Nakhon Nayok, north of Bangkok, Thailand, 24 May 2013. Buddhist devotees throughout the world offer blessings at temples to mark one of the holiest days in Buddhism, commemorating the birth, enlightenment and the death of Buddha. EPA/BARBARA WALTON

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SILVER SPRING MD: MAY 18
from left to right, Bodybuilders Jorge Villatoro, Sidney Bumbrey, Eric Holmes and Ron Coleman show off their most muscular poses for the judges at the 2013 Musclemania - Capital Tournament of Champions Contest held at the Montgomery College Cultural Arts Center in Silver Spring, Maryland on May 18, 2013.
(Photo by Marvin Joseph/The Washington Post)

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Dozens of bodybuilders came out to Silver Spring to compete in the 2013 Musclemania Capital Tournament of Champions.

epa03714543 US actress Carmen Electra arrives for the Life Ball gala, at the airport Schwechat, in Vienna, Austria, 24 May 2013. The 21th Life Ball, an annual fundraising charity event for HIV and Aids projects, takes place at the Vienna City-Hall on 25 May 2013. EPA/HERBERT NEUBAUER

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MOORE, OK - MAY 24: A 'For Sale' sign hangs in a tree in a storm ravaged neighborhood on May 24, 2013 in Moore, Oklahoma. The tornado of EF5 strength and two miles wide touched down May 20 killing at least 24 people and leaving behind extensive damage to homes and businesses. U.S. President Barack Obama promised federal aid to supplement state and local recovery efforts. (Photo by Tom Pennington/Getty Images)

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WASHINGTON DC: MAY 22
Contestant Travis Rumans, 31 dances with his beloved glow sticks for talent at Penn Social in Washington, DC on May 22, 2013. The contestants help raise over $15,000 for the Children’s National Medical Center in Washington, D.C.
The Mr. DC pageant is a fundraising event to benefit Children’s Miracle Network Hospitals.
The qualifications for the Mr. District of Columbia finalists is that they must live, work and attend school in the District of Columbia between the ages of 21-30 who are unmarried, intelligent, and dapper in a suit.
(Photo by Marvin Joseph/The Washington Post)

Mr. D.C. Pageant contestants compete for charity

Contestants in the Mr. D.C. Pageant, a fundraising event, helped raise more than $15,000 for the Children’s National Medical Center.

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