Zynga will probably be the final big tech IPO of the year, with 2011 seeing a mixed bag of success in that market. While LinkedIn, Zillow, and Groupon were all up by double-digit percentages over their launch day prices, Pandora, Zipcar, and Demand Media were far under their IPO listings.
Despite the rocky conditions this summer, David Menlow, president of IPOfinancial.com, said, “I think the mood is upbeat.”
Others think that the rockiness of certain tech IPO trends and instability of the market have made some more cautious, something they expect through 2012. “This summer . . . the valuations people were talking about were preposterous,” said Anupam Palit, an analyst with GreenCrest Capital.
Palit acknowledges that the IPO for Facebook would be something completely different “[That’s] the seminal moment in the history of social media,” he said. “We tend not to overhype the sector. . . . But they’re a special company.”
Source: AdWeek
