Best and worst IPOs of 2012

Worst IPOs: CafePress
worst ipos 2012 cafepress
IPO date: 3/29/2012

Things looked promising when online specialty print maker CafePress (PRSS) went public in March. The stock jumped immediately after opening at $21.50 a share before ending the day flat. Although it rose steadily during the following days, the stock price plummeted in May, when the company projected a quarterly profit well below analysts' estimates.

CEO Bob Marino blamed voter indifference to political merchandise in the election season, which should have been a big sales opportunity. Six months later, the stock was down by 52% and now it's trading at 69% below the IPO price.


  @FortuneMagazine - Last updated December 26 2012 05:55 AM ET
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