Online game-maker Zynga held one of the most anticipated IPOs of 2011. It was also one of the most criticized, with numerous sites noting that by the end of its first day, Zynga’s stock was already underwater. As others have noted, this does not indicate that the IPO wasn’t a success. That said, it does put it in an interesting category that it will have to work to get out of.
Of all the tech, Internet or social media companies to go public this year, not one has recovered from falling into underwater territory on their first day. Zynga joins this group with its 1st day fall despite a solid opening jump and a whirlwind of excitement not unlike LinkedIn or Groupon. The upcoming days and months will see if Zynga can do what no other 2011 company in this space has done.