There’s little to complain about with the IPO market this year: Out of 201 offerings, 21 have posted gains of more than 100%.
But that doesn’t mean the market was full of winners. Consider that 50 deals are still under water, and 22 are off by more than 20% — a painful loss for anyone who invested early on.
So yes, the IPO market is still a risky game and requires a good amount of due diligence (which, of course, we try to do for you at the IPO Playbook). To that end, it sometimes helps to see what went wrong, so you can avoid similar situations in the future.
What are some of the worst IPOs of 2013? There were lots to choose from, but these are the ones that stood out: