2011 was a great year for companies to go public. A total of 288 companies went public that year, raising a total of $43.6 billion. Some of the biggest names in the tech industry had their IPOs in 2011, including LinkedIn, Groupon, and Zynga. In this article, we'll take a closer look at some of the companies that had their IPO in 2011 and see how they've fared since then.
LinkedIn is a social networking site that was founded in 2002 and went public in May 2011. The company raised $352.8 million in its IPO, which was one of the largest tech IPOs in history at the time. Since then, the company has grown significantly, with over 700 million users worldwide. In 2016, Microsoft acquired LinkedIn for $26.2 billion, making it one of the largest tech acquisitions in history.
LinkedIn has continued to innovate and expand its offerings since going public. In 2012, the company launched its Influencer program, which allows thought leaders to share their insights with the LinkedIn community. In 2016, LinkedIn launched its learning platform, LinkedIn Learning, which offers online courses taught by industry experts. LinkedIn has also made several acquisitions, including Lynda.com in 2015 and Glint in 2018.
Groupon
Groupon is an e-commerce company that offers deals on local goods and services. The company went public in November 2011, raising $700 million in its IPO. At the time, Groupon was one of the fastest-growing companies in history, with over 100 million subscribers in 45 countries. However, the company has had a rocky road since going public.
After the IPO, Groupon faced several challenges, including accounting issues and slowing growth. In 2015, the company announced that it would lay off 1,100 employees and close operations in several countries. However, Groupon has continued to innovate and expand its offerings. In 2016, the company launched Groupon+, a cashback program that rewards customers for using Groupon. Groupon has also made several acquisitions, including LivingSocial in 2016 and Vouchercloud in 2018.
Zynga
Zynga is a mobile gaming company that is best known for its game FarmVille. The company went public in December 2011, raising $1 billion in its IPO. At the time, Zynga was one of the most highly anticipated tech IPOs of the year. However, the company has struggled since going public.
Zynga has faced several challenges, including declining revenue and a shift away from Facebook, where many of its games were initially popular. However, the company has continued to innovate and expand its offerings. In 2014, Zynga launched its mobile gaming platform, Zynga.com. In 2018, the company announced that it would partner with Disney to develop a mobile game based on the Star Wars franchise. Zynga has also made several acquisitions, including NaturalMotion in 2014 and Gram Games in 2018.
Conclusion
Overall, the companies that had their IPO in 2011 have had varying degrees of success since going public. LinkedIn has grown into one of the largest social networking sites in the world and was acquired by Microsoft for over $26 billion. Groupon has faced several challenges but has continued to innovate and expand its offerings. Zynga has struggled since going public but has continued to develop new games and make acquisitions. It will be interesting to see how these companies continue to evolve in the years to come.
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