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Investing

Recent Internet IPO Stocks Tanking (ANGI, LNKD, GRPN)

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By Paul Ausick Published
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Three recent internet IPOs are struggling, even as the market jumped by more than 2.5% yesterday. Angie’s List Inc. (NASDAQ: ANGI), Groupon Inc. (NASDAQ: GRPN), and LinkedIn Corp. (NASDAQ: LNKD) are all slumping badly.

Angie’s List went public at $13, rose to more than $18, and closed its first day at $16.56. Shares closed yesterday at the original offering price.

Groupon’s offering price was $20/share, and the stock closed at near $26 on its opening day. Shares closed yesterday at $15.24, down -24%.

LinkedIn’s IPO price was $45/share, and the stock more than doubled on its first day, and hit a peak of nearly $110/share in mid-July. The stock closed yesterday at $60, still above its IPO price, but off about -45% from its high.

Perhaps investors are piling up cash as they anticipate the IPO of Facebook, now rumored to be in a pricey neighborhood that would value the social media startup at $100 billion.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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