2015 IPO Scorecard: How Box, Square, Fitbit And Others Stacked Up

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2015 IPO Scorecard: How Box, Square, Fitbit And Others Stacked Up

2015 was not a good year for IPOs. In fact, it was the worst year for tech IPOs since the financial crisis in 2009, with more and more startups opting to remain private longer.

Stock market swings stemming from an oil crisis and a delayed interest rate decision meant that some companies in the pipeline decided to postpone their IPO until 2016.  “Investors in the market were looking for more certainty,” said Garvis Toler, Global Head of Capital Markets at the New York Stock Exchange.

There were a few bright spots, with some companies — like Fitbit and Atlassian — performing well in their first offerings, but for the most part the year was not kind to newly-public companies.


First Data

IPO Price: $16

The pop: 2.4%

Year to date: -2.3%

Payments behemoth First Data went public on the NYSE in October. It’s not the company’s first rodeo — it was a public company before it was taken private 2007. While First Data was the biggest tech IPO of the year, raising $2.8 billion, investors were disappointed to see it price below the expected range and then further struggle in the public markets.



IPO Price: $9

The pop: 24%

Year to date: 37.5%

Square had a tough time going public, pricing its shares very conservatively. Still, the stock quickly shot above its initial public offering price — and back to its original range. Square was struggling with a disastrous deal with Starbucks, making it difficult to become a profitable company.



IPO Price: $14

The pop: 50%

Year to date: Unchanged

CEO Aaron Levie’s charisma was not enough to keep the cloud storage company afloat in the public markets. Box, which finally went public in January after almost a year of delays, priced its shares at a valuation that was beneath its last private round.



IPO Price: $20

The pop: 50%

Year to date: 38%

Fitbit shocked the tech world with its stellar performance in the stock market. While Silicon Valley moved on to smartwatches, Wall Street marveled at the fit financials of the pioneering health tracker company. Competitor Jawbone may not be as lucky…



IPO Price: $17

The pop: 51%

Year to date: 51%

Ontario-based Shopify, which helps small businesses with e-commerce, has had a stellar performance in the stock market this year. The company was able to maintain its 51% first-day pop as SMBs increasingly rely on its services to sell products online. One can only expect the shift to digital spending to continue…

Photo credit: AP/ Richard Drew



IPO Price: $16

The pop: 86%

Year to date: -45%

The year hasn’t been kind to Etsy either. The company is still reporting losses, though it has 1.5 million active sellers and 22.6 million active buyers. After its most-recent earnings report, the stock promptly fell 8%.


Pure Storage

IPO Price: $17

The pop: -5.8%

Year to date: 1.5%

Pure Storage was a bellwether moment in tech IPOs for the year, slipping in its opening day of trading. Once again, public investors showed that they are rewarding strong performance and profitability, over sacrificing earnings for top-line growth.



IPO Price: $21

The Pop: 32%

Year to date: 33%

The last tech IPO of the year, Atlassian proved that profitability can win the day. As a profitable company for years, it was heavily rewarded on its first day of trading — and continues to be. It was one of the most successful tech IPOs of 2015.


Match Group

IPO Price: $12

The pop: 12.5%

Year to date: 18%

Investors are loving the Match portfolio of all the leading dating sites, but the IPO didn’t go off without a hitch — Tinder CEO Sean Rad had an embarrassing media interview that may have violated IPO quiet-period rules. The company had to submit an updated SEC filing to apologize on the eve of the IPO.

Photo Credit: Getty Images / Andrew Burton



IPO Price: $20

The pop: 31%

Year to date: 73.9%

GoDaddy didn’t show up as a company with stunningly bad financials, reporting last year that it brought in $1.4 billion in revenue with a net loss of $143 million.