How the Tech IPOs of 2014 Have Fared So Far

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GoPro's CEO Nick Woodman, center, celebrates his company's IPO with family, employees and others at the Nasdaq MarketSite in New York, Thursday, June 26, 2014.

Image: Seth Wenig/Associated Press

By Seth Fiegerman2014-07-02 17:43:03 UTC

Nicholas Woodman and his team at GoPro had every reason to celebrate on their first day as a public company last week. GoPro priced its shares at $24, the high end of its proposed IPO price range, and watched as the stock ticked up by more than 30% that day. GoPro enjoyed similar gains in each of its next few days of trading.

GoPro ended the month of June up 69% from its IPO price, making it the third best performing stock of the tech companies that went public in the first half of 2014, according to data provided to Mashable by Renaissance Capital, an exchange traded fund that tracks newly public companies. Of course, it was only a public company for a few days in that cycle.

See also: 8 Tech Companies That May Go Public in 2014

Other tech companies that ranked among the biggest gainers included GrubHub, which went public in early April and has seen its stock increase by 36% from its IPO price, Coupons.com, which went public in early March and experienced a 64% increase in its stock from its IPO price and Zendesk, which went public in mid-May and nearly doubled from its IPO price.

The top performing tech company was Tuniu, a Chinese online travel company that isn't exactly a household name in the United States. It went public in May and increased 95% from its IPO price through the end of June. The company's success may help wet the appetite for investors for Alibaba, China's largest ecommerce company, which is expected go public later this summer in what could be the largest tech IPO ever.

The Top Tech IPOs of 1H 2014 | Create Infographics

The first and second quarter of 2014 each had the highest number of IPOs in the U.S. since 2000, according to Renaissance Capital, with the technology sector being the single largest category in the second quarter and the second largest in the first quarter.

Renaissance Capital analyzed data for the 33 tech companies that raised at least $50 million from their IPOs. Of those, 25 were trading above their IPO price as of the end of June.

King Digital Entertainment, which makes the hugely popular game Candy Crush Saga , ranked among the worst performing stocks from tech companies that went public this year. The stock dipped by 15% on its first day of trading amid investor concerns about its ability to churn out hit games and was down nearly 9% from its IPO price as of the end of June.

Care.com, the first big tech IPO of the year, suffered the steepest decline from its IPO price. Castlight Health, an enterprise software company that went public in mid-March, is notable for having the single biggest pop on the day of its IPO (149%), but later plummeted back below its IPO price proving that a successful IPO doesn't always translate into a successful stock in the longterm.

Worst Post-IPO Drops of 1H 14 | Create Infographics

If you included companies with an IPO deal size of less than $50 million, then Viggle, a TV app service, would be the worst performing tech company that went public this year. In fact, it would be the worst of any newly public company, declining by more than 45% from its IPO price in April.

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Topics: gopro, IPOs