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RealTime IT News

Internet IPO Market Stirs Slightly In July

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 2711
March 2713
April 1317
May 626
June 1132
July 1335
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

CompanyIPO DateGain/Loss
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INTERLANDJuly 25 -26%
ARTISTdirect March 28 -22%
AsiaContent.comApril 12 -21%
coolsavings.com May 19 -21%
PartsBase.comMarch 22 -12%
ImproveNet March 16 -12%