When Facebook filed for its IPO in the first week of February, the Social Stock Tracker surged over 9%, giving the index a market value of $38.5 billion.
Things have calmed down since then. Last week, the index mustered a gain of only 0.36%.
There still was plenty of volatility. For example, Groupon (NASDAQ:GRPN) shares were off by nearly 14%. The company released its first earnings report since coming public, and it registered an unexpected loss of $42.7 million.
On a brighter note, LinkedIn (NYSE:LNKD) continued to dazzle investors with its hefty growth ramp. According to its latest quarterly report, LNKD posted a 105% increase in its revenues to $167.7 million, and the company’s non-GAAP earnings were 12 cents per share. The key growth driver was the company’s Hiring Solutions business, which provides recruiting services to corporate customers.
Expect more action this week, especially for Zynga (NASDAQ:ZNGA), which reports quarterly earnings Tuesday afternoon.
Tom Taulli runs the InvestorPlace blog IPO Playbook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “The Complete M&A Handbook”, “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli or reach him via email. As of this writing, he did not own a position in any of the aforementioned securities.
A long-time follower of the IPO scene, back in 1999 Tom started one of the first sites in the space called WebIPO. It was a place where investors got research as well as access to deals for the dot-com boom. Tom also wrote the top-selling book, Investing in IPOs. In it, he covers all the aspects of analyzing an IPO, such as reading the prospectus, detecting the risk factors and understanding some of the arcane regulations. But don’t worry — if that process is too intimidating for you, thankfully Tom will do the legwork for you right here in the IPO Playbook blog.
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