February 14, 2012 > A look at tech companies with IPOs this year
A look at tech companies with IPOs this year
By The Associated Press
Here's a look at how some companies that had initial public offerings of stock this year are faring. The companies are all loosely Internet-related, though their businesses vary widely.
Tuesday: Jive Software Inc., which makes Facebook-style social networks for businesses, reports a wider fourth-quarter net loss, weighed by higher expenses even as its revenue grew sharply. Excluding one-time items, Jive reports a loss of 28 cents per share in the latest quarter, surpassing Wall Street's expectations. Jive's first day of trading was on Dec. 13.
Wednesday: Groupon Inc., reporting for the first time since public trading of its stock began Nov. 4, says its fourth-quarter revenue nearly tripled, but it lost money and its shares fell sharply after hours. Groupon says an unusually high international tax rate hurt the quarter's adjusted results.
Thursday: LinkedIn Corp., which began trading publicly on May 19, had a strong fourth quarter, as its income and revenue beat Wall Street's expectations. The online professional-networking service added 14 million members during the quarter, and the results provide further evidence of online networking's popularity and moneymaking potential.
Feb. 14: Zynga Inc. (first day of trading was on Dec. 16), Zipcar Inc. (first day of trading was on April 14)
Feb. 15: Zillow Inc. (first day of trading was on July 20)
Feb. 16: Demand Media Inc. (first day of trading was on Jan. 26, 2011)
Feb. 22: Angie's List Inc. (first day of trading was on Nov. 17, 2011)
Unknown: Pandora Media Inc. (first day of trading was on June 15)