Zynga Inc. debuted on NASDAQ, yesterday. The company shares felt by -5.00% to $9.50 from the IPO price.
Zynga is the fourth high profile internet company that offered its shares to the public this year - after LinkedIn, Pandora and Groupon.
So what the performance of these companies have been so far? Mixed.
- LinkedIn +46.31% from $45 IPO price
- Pandora -34.05% from $16
- Groupon +15.20% from $20
In total, the portfolio comprising of equally weighted four internet companies bought at IPO would bring +5.61% till yesterday. In the meantime, S&P500 lost -9.22% and NASDAQ -9.49%.
So, do we have a new buying opportunity of a life time or the next dot com bubble?