Best and worst IPOs of 2012

Worst IPOs: Facebook
worst ipos 2012 facebook
IPO date: 5/18/2012

We couldn't possibly have an end-of-year IPO list without mentioning what some were calling the worst IPO of the decade, if not all time. From a bungled first day of trading on the Nasdaq to disclosures that the company had provided selective information to large institutional investors, the whole thing was a mess from start to finish.

As Andrew Ross Sorkin wrote in the New York Times in September, "Facebook's market value has dropped more than $50 billion in 90 days. To put that in perspective, that's more market value than Lehman Brothers gave up in the entire year before it filed for bankruptcy." Facebook (FB) has rebounded some since, and it now trades at 28% below its offering price.

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