The 5 Best and Worst IPOs Since 2000

The 5 Best and Worst IPOs

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The market for equities has gone through numerous crises, bubbles, ups and downs since the turn of the century, but when an initial public offering (IPO) hits the market, it creates a lot of excitement for investors, and generates billions of dollars for the company involved. Market conditions can be a major factor in determining when companies decide to file, and market optimism or pessimism can influence the value of shares, often to the detriment of the company or the investor. In 2000, compa
Photo: Simon Smith | Vetta | Getty Images

The market for equities has gone through numerous crises, bubbles and ups and downs, but when an initial public offering hits the market, it can create lots of excitement for investors and can generate perhaps billions of dollars for the company.

Market conditions can be a major factor in determining when companies decide to file, and market optimism or pessimism can influence the value of shares, often to the detriment of the company or the investor.

In 2000, companies filing IPOs generated $96.9 billion in the market, but after the dot-com bust, many of these offerings proved significantly overvalued and the market for IPOs dropped to a decade-low $15.2 billion in 2003, according to Renaissance Capital.

This year, Facebook is expected to raise as much as $16 billionthrough its offering, which would be more than double the $12 billion proceeds from 68 IPOs so far this year. After being reported the company increased its price range, as well as shares offered.

With the hotly anticipated Facebook public listing in mind, the CNBC Analytics team looked into IPOs from 2000 to the present to see which ones have been the most — and least — successful in the market since their first offering. The companies are ranked by the total percentage increase and decrease from original listing prices as of market close on May 14, 2012. All IPOs included in this data set have had gross proceeds of $1 billion or greater and excludes SPACs (Special Purpose Acquisitions Company), closed end-funded, and non-operating trust deals.

So, which IPOs had the best and worst performance since 2000? Click ahead to find out.

By Paul Toscano & Yolaiki Gonzalez
Posted 17 May 2012

5. (Worst) Genworth Financial (GNW)

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Total return from offer price: -63.33% Offer Price: $19.50 Offer date: 5/24/2004 First day return: N/AIPO deal size: $2.82 billion Industry: Multi-Line Insurance
Photo: Genworth.com

Total return from offer price: -63.33%
Offer Price: $19.50
Offer date: 5/24/2004

First day return: N/A
IPO deal size: $2.82 billion
Industry: Multi-Line Insurance

5. (Best) China Life Insurance (LFC)

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Total return from offer price: +486.85% Offer Price: $18.68 Offer date: 12/11/2003 First day return: -52.38% IPO deal size: $2.87 billion Industry: Life/Health Insurance
Photo: Qilai Shen | Bloomberg | Getty Images

Total return from offer price: +486.85%
Offer Price: $18.68
Offer date: 12/11/2003

First day return: -52.38%
IPO deal size: $2.87 billion
Industry: Life/Health Insurance

4. (Worst) Och-Ziff Capital Management (OZM)

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Total return from offer price: -64.02% Offer Price: $32 Offer date: 11/13/2007 First day return: -4.22% IPO deal size: $1.15 billion Industry: Investment Managers
Photo: ozcap.com

Total return from offer price: -64.02%
Offer Price: $32
Offer date: 11/13/2007

First day return: -4.22%
IPO deal size: $1.15 billion
Industry: Investment Managers

4. (Best) Google (GOOG)

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Total return from offer price: +610.59% Offer Price: $85 Offer date: 8/18/2004 First day return: +18.04% IPO deal size: $1.66 billion Industry: Internet Software/Services
Photo: Kimihiro Hoshino | AFP | Getty Images

Total return from offer price: +610.59%
Offer Price: $85
Offer date: 8/18/2004

First day return: +18.04%
IPO deal size: $1.66 billion
Industry: Internet Software/Services

3. (Worst) MetroPCS Communications (PCS)

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Total return from offer price: -70.74% Offer Price: $23 Offer date: 4/18/2007 First day return: +19.13% IPO deal size: $1.15 billion Industry: Wireless Telecommunications
Photo: David Paul Morris | Bloomberg | Getty Images

Total return from offer price: -70.74%
Offer Price: $23
Offer date: 4/18/2007

First day return: +19.13%
IPO deal size: $1.15 billion
Industry: Wireless Telecommunications

3. (Best) PetroChina (PTR)

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Total return from offer price: +925.95% Offer Price: $16.44 Offer date: 3/30/2000 First day return: -0.02% IPO deal size: $2.74 billion Industry: Integrated Oil
Photo: Nelson Ching | Bloomberg | Getty Images

Total return from offer price: +925.95%
Offer Price: $16.44
Offer date: 3/30/2000

First day return: -0.02%
IPO deal size: $2.74 billion
Industry: Integrated Oil

2. (Worst) Semiconductor Manufacturing Corp. (SMI)

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Total return from offer price: -86.34% Offer Price: $17.50 Offer date: 3/11/2004 First day return: -11.31% IPO deal size: $1.71 billion Industry: Semiconductors
Photo: Qilai Shen | Bloomberg | Getty Images

Total return from offer price: -86.34%
Offer Price: $17.50
Offer date: 3/11/2004

First day return: -11.31%
IPO deal size: $1.71 billion
Industry: Semiconductors

2. (Best) Mastercard (MA)

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Total return from offer price: +971.59% Offer price: $39 Offer date: 5/24/2006 First day return: +17.95% IPO deal size: $2.39 billion Industry: Finance/Rental/Leasing
Photo: Karen Bleier | AFP | Getty Images

Total return from offer price: +971.59%
Offer price: $39
Offer date: 5/24/2006

First day return: +17.95%
IPO deal size: $2.39 billion
Industry: Finance/Rental/Leasing

1. (Worst) MF Global Holdings (MFGLQ)

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Total return from offer price: -99.82% Offer price: $30 Offer date: 7/18/2007 First day return: -8.17% IPO deal size: $2.92 billion Industry: Investment Banks/Brokers
Photo: Getty Images

Total return from offer price: -99.82%
Offer price: $30
Offer date: 7/18/2007

First day return: -8.17%
IPO deal size: $2.92 billion
Industry: Investment Banks/Brokers

1. (Best) CNOOC Ltd. (CEO)

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Total return from offer price: +1,325.5% Offer Price: $15.40 Offer date: 2/22/2001 First day return: +4.68% IPO deal size: $1.2 billion Industry: Oil & Gas Production
Photo: Nelson Ching | Bloomberg | Getty Images

Total return from offer price: +1,325.5%
Offer Price: $15.40
Offer date: 2/22/2001

First day return: +4.68%
IPO deal size: $1.2 billion
Industry: Oil & Gas Production