2014 Tech IPO's: Where Are They Now?

August 14, 2014

By Marc Fogarty, CPA, CFE 

In many of my blogs this year, I have been commenting on the tech IPO market explosion – and I mean that in a good way. So what has happened to those companies after their IPO, and is the market changing or is it still favorable for future tech IPO's?

So far, both quarters of 2014 have had the highest number of IPOs in the U.S. since 2000. Some of the most notable that we covered were GoPro, JD.com, GrubHub and King Digital Entertainment.

GoPro has made great strides: The stock price rose 69% from the IPO price in just a few days and currently appears to be holding steady well above its IPO price. JD.com was another stellar IPO with a stock price increase of almost 50% since their IPO. GrubHub saw a few peaks and valleys, but stock remains around its original IPO price. King Digital Entertainment did not fare as well out of the gate, dipping well below its IPO price, but at the beginning of August they were trading back at the original offering price.  

That’s just a recap of some of the companies we have followed through the IPO process. How is the tech IPO market doing overall? At the end of June, of the 33 tech IPO's that raised at least $50 million that Renaissance Capital analyzed, 25 were trading above their IPO price. That continues to be good news for future tech IPOs.

About Marc Fogarty

Marc Fogarty, Audit Partner and a member of EisnerAmper's Public Companies, Cleantech and International Services Groups. Marc is experienced in public accounting, serving public and private organizations and has presented on IFRS to professional groups.