A quick review of the 25 largest US IPOs ever shows how badly Facebook (NASDAQ: FB) has done in early trading. Most of the company’s on the list have tremendous revenue, traditional business plans which they have been able to freshen, and large profits.
Among these are Visa (NYSE: V), UPS (NYSE: UPS), GM (NYSE: GM), MetLife (NYSE: MET), and Prudential Financial (NYSE: PRU) The thing that stands out most about the list is how few tech companies it has.
Google (NASDAQ: GOOG) is on the list, of course. But, most of the companies are financial ones, or firms that are manufacturing based. (Data from CapitalIQ)
Douglas A. McIntyre