It was a so-so year for initial public offerings.
Sure, the 128 companies that went public was the
second-highest tally of the last five years. But those IPOs
raised 23% less money than they did a year ago, and the 20%
collective returns was only the fifth-highest total of the last
Still, the 20% returns marked a sharp turnaround from the 10%
losses IPOs suffered in 2011. In fact, it was the second-biggest
collective annual gain for new offerings since 2006.
In a mixed-bag of a year for new stocks, here were the three
best performing IPOs in 2012:
Vipshop Holdings (
Things didn't start well for this China-based discount
retailer. The stock fell 15% in a rather ominous debut. Since
then it's bounced back - and then some. VIPS shares have risen
154% since the company went public on March 22, finishing the
year as the top performing IPO of 2012.
Proto Labs (
Despite pricing above its expected range, this manufacturer of
prototyping parts has shot up 144.5% since its February 23
debut. More than half of its gains came in the stock's first
day of trading, when the shares shot up 81%.
One of the year's first IPOs was one of its best. Shares of the
enterprise software provider have increased 137% since the
stock's January 24 debut despite pricing above their expected
range. At 169 times earnings and coming off its weakest
earnings period of the year, however, Guidewire could be headed
for a fall.