Best and worst IPOs of 2012

Worst IPOs: AVG Technologies
worst ipos 2012 avg
IPO date: 2/2/2012

Expectations were high for anti-virus maker AVG Technologies (AVG) when it announced its plans to go public. Revenues were growing and many investors believed it was attractive on a valuation basis. But the stock dropped 18.75% on its opening day, the single largest drop for any IPO this year.

Analysts blamed the heavy competition AVG faced and noted that competitors like Symantec and McAfee had struck tie-in deals with PC makers while AVG relied on attracting customers through its online 'freemium' model. There were also concerns that AVG didn't have a suitable mobile version of Safe Search, its most successful product. Six months later, the stock was down by 33%.

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