The biggest tech IPO since Alibaba's (BABA) late 2014 debut, LINE (LN) joined a select group of technology companies that have raised more than $1 billion. The Japanese messaging platform traded up around 25% on its opening day, above the 22.5% average pop from billion-dollar tech IPOs of the last decade. Performance of that group shows a wide spread, ranging from game maker Zynga (-75% from IPO) and Twitter (-32%), to group favorite Facebook (+207%). While not opening the floodgates for other billion-dollar tech IPOs, LINE's successful launch bodes well for the tech IPO market.
| Billion-dollar tech IPOs of the last 10 years | ||||||
| Company |
Ticker | Country | IPO Date | Deal Size ($B) |
First day return |
Return at 7/14 |
| LINE | LN | Japan | 7/14/16 | $1.15 | +27% | +27% |
| Alibaba Group | BABA | China | 9/19/14 | $21.78 | +38% | +20% |
| JD.com | JD | China | 5/22/14 | $1.78 | +10% | +14% |
| TWTR | US | 11/7/13 | $1.82 | +73% | -31% | |
| FB | US | 5/18/12 | $16.01 | +1% | +209% | |
| Zynga | ZNGA | US | 12/16/11 | $1.00 | -5% | -75% |
| Yandex N.V. | YNDX | Netherlands | 5/24/11 | $1.30 | 55% | -26% |
| Shanda Games Limited | GAME | China | 9/25/09 | $1.04 | -14% | -67%* |
