Internet IPO Market Stirs Slightly In July

By Chris Nerney | August 02, 2000
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The Internet IPO market showed signs of life in July, but both the number of 'Net ticker debuts and the average first-day performance are well below the heady days of last fall and winter.

Still, July's average first-day return of 63% is the best monthly figure for Internet IPOs since March, and marks the third straight month that opening-day averages have risen.

There even were moonshots last month, as two companies, 'Net software vendors Blue Martini Software and WebEx , more than doubled in price, while router seller Avici Systems more than tripled.

However, not even Avici's 212% first-day gain could crack the list of 10 best 'Net debuts this year, proving again that Internet moonshots aren't what they used to be. Indeed, since March, only one 'Net IPO, Storage Networks on June 30, has made the top 10 list for the year.

INTERLAND , an Atlanta-based provider of Web services, had no problems establishing its presence on another IPO list. By closing in its debut last week at 26% below the $12 per share offer price, ILND zoomed to the top of this year's list of biggest first-day 'Net IPO disasters. Also sneaking onto the flop chart was Chicago incubator divine interVentures .

Month	This year	1999
January	5	4
February	27	11
March	27	13
April	13	17
May	6	26
June	11	32
July	13	35
Total	102	138

Average First-Day Return (By Month)

Month	This Year	1999
January	160%	241%
February	126%	122%
March	99%	134%
April	31%	116%
May	38%	59%
June	41%	116%
July	63%	74%

10 Best Internet Debuts of 2000

Company	IPO Date	Gain
webMethods	Feb. 11	508%
Crayfish	March 8	414%
Selectica	March 10	371%
FirePond	Feb. 4	356%
Neoforma.com	Jan. 24	303%
Extensity	Jan. 27	256%
ArrowPoint	March 31	248%
Storage Networks	June 30	234%
GigaMedia	Feb. 17	226%
net.Genesis	Feb. 29	216%

10 Worst Internet Debuts of 2000

Company

IPO Date

Gain/Loss

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INTERLAND	July 25	-26%
ARTISTdirect	March 28	-22%
AsiaContent.com	April 12	-21%
coolsavings.com	May 19	-21%
PartsBase.com	March 22	-12%
ImproveNet	March 16	-12%