IPO

  • IPO: May be hazardous to CEO health

    Initial public offering side effects include first-day pop followed my painful malaise. Take with caution.

    By Kevin Kelleher

    FORTUNE – First Groupon fired Andrew Mason. Now Pandora says Joe Kennedy is leaving Pandora. Being a CEO of a company that made a splash in the public markets with high-flying IPOs is starting to look like a job hazard.

    Pandora (P) priced its shares at $16 in June 2010. On its first day of trading, MORE

    Mar 8, 2013 10:02 AM ET
  • Trulia: A canary in the tech-IPO coal mine

    The lift that Trulia's stock is enjoying in the first few weeks after its IPO suggests that other tech IPOs can safely enter the market.

    By Kevin Kelleher, contributor

    FORTUNE -- Looking at Trulia's performance since it went public last month, you'd almost think that the Facebook IPO debacle never happened. Trulia, a San Francisco-based company that provides online real-estate information, listed its stock on Nasdaq on Sept. 19. Last week, it MORE

    Oct 9, 2012 11:25 AM ET
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  • Facebook: The worst may be over

    Yes, the stock price is still down, but it has staged an impressive rally. Here's why it could continue to climb.

    By Kevin Kelleher, contributor

    FORTUNE -- Is the worst of the Facebook sell-off over?

    Two weeks ago, Facebook (FB) shares -- offered in May at $38 a share -- slipped as low as $25.52, a mere two bits away from fulfilling the price targets of $25 a share that some of MORE

    Jun 21, 2012 11:27 AM ET
  • Facebook's fate: Bulls versus bears

    Is Facebook entering a painful period of decline? Or, will it surge beyond its struggles? Here is the case for both.

    By Kevin Kelleher, contributor

    FORTUNE – It's been more than two weeks since Facebook went public, and it's getting harder to blame the 30% drop in its market value on the trading glitch that marred its debut. Nothing, not even the many privacy controversies that have plagued Facebook's short history, MORE

    Jun 5, 2012 7:50 AM ET
  • Why LinkedIn fiddles as Facebook burns

    The professional social network was seen as sexless compared to Facebook. Now it just seems safe.

    By Kevin Kelleher, contributor

    FORTUNE -- Amid the anger this week of Facebook investors, the embarrassment of the company's underwriters and the schadenfreude of its detractors, a question has been bugging me: If so many investors are skeptical of Facebook's (FB) overvalued IPO, then why are they still so positive on LinkedIn (LNKD)?

    Like Facebook, LinkedIn MORE

    May 24, 2012 10:28 AM ET
  • So, is there a tech bubble or not?

    The results of Facebook's IPO last week may indicate there isn't -- at least not in the public markets.

    By Kevin Kelleher, contributor

    FORTUNE – Does anyone want to talk about a bubble now?

    In the weeks leading up to Facebook's (FB) much-trumpeted IPO, a debate simmered over whether Silicon Valley was entering another bubble. Some cited "bizarre activity" like spending big on companies with no revenue. Others dismissed fears of a MORE

    May 21, 2012 11:04 AM ET
  • The problem with Zynga's growth

    Zynga has a short but rich history of defying expectations -- including its stock price which is up. So why are people so bearish on the social gaming company?

    By Kevin Kelleher, contributor

    FORTUNE -- Zynga (ZNGA) has a short but rich history of defying expectations. Last summer, Zynga was expected to be worth as much as $20 billion as a public company. Turn out, it was worth $7 billion when it MORE

    Apr 2, 2012 10:43 AM ET
  • The problem with the founder's letter

    Like Google and Groupon, Facebook's letter expressed a defiant idealism that -- eventually -- must confront the realities of business.

    By Kevin Kelleher, contributors

    FORTUNE – For Internet companies going public, the founder's letter is becoming a ritual with a purely symbolic value, a rite of passage into the adulthood of public markets. Larry Page and Sergey Brin started it when Google (GOOG) went public in 2004. Andrew Mason raised it to MORE

    Feb 3, 2012 12:16 PM ET
  • OpenTable's rise and fall is a cautionary tale

    OpenTable is a reminder for investors eager for a piece of a hot tech IPO: It doesn't take a stock bubble on the scale of the 90s dot-com mania for investors to lose money on a supposedly hot Internet stock.

    By Kevin Kelleher, contributor

    FORTUNE -- Nothing lasts forever, but the speculative momentum that can drive up tech stocks is especially fleeting. Just ask OpenTable (OPEN).

    The company that made online restaurant reservations MORE

    Jan 3, 2012 8:50 AM ET
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  • Why Zynga may not be as bad off as it seems

    Yes, the social gaming company's stock is off to an ignominious start.  But a closer look  shows things are more complex than they first appear.

    By Kevin Kelleher, contributor

    FORTUNE -- Several months ago, things were looking very good indeed for Zynga. The casual-gaming company stood apart from other web IPOs of 2011 thanks to its "bountiful" profits. Investors were "excited" by an offering that could value the company at $20 billion.

    Now that MORE

    Dec 20, 2011 11:42 AM ET
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