King Digital Entertainment shares fell more than 15 percent in their market debut Wednesday, making it the worst-performing initial public offering so far this year.
King's "Candy Crush Saga" climbed atop download charts on Facebook and iPhone, but investors worried if the London-based game maker could produce another home run.
King's shares hit an intraday low of $18.25 on Thursday from their IPO price of $22.50, which valued the company at about $6 billion.
Here is a list of other IPO flops this year.
Top 10 worst-performing 2014 IPOs on first day of trading
Company | Ticker | IPO Filing<br> Price | Sector | 1st Day<br> % Perf. | 1st Day<br> Close | 1st Day<br> of Trade |
---|---|---|---|---|---|---|
King Digital -Candy Crush | KING | 22.5 | Tech | -15.56 | 19 | 3/26/2014 |
Eagle Pharmaceuticals | EGRX | 15 | Health Care | -14.47 | 12.83 | 2/12/2014 |
uniQure - Biotech gene therapies for orphan diseases | QURE | 17 | Health Care | -14.06 | 14.61 | 2/5/2014 |
EP Energy - shale driller | EPE | 20 | Energy | -9.6 | 18.08 | 1/17/2014 |
Genocea Biosciences | GNCA | 12 | Health Care | -8.33 | 11 | 2/5/2014 |
North Atlantic Drilling | NADL | 9.25 | Energy | -7.68 | 8.54 | 1/29/2014 |
Trevena - biotech focused on pain & acute heart failure | TRVN | 7 | Health Care | -7.14 | 6.5 | 1/31/2014 |
Amedica | AMDA | 5.75 | Health Care | -6.26 | 5.39 | 2/13/2014 |
Inogen | INGN | 16 | Health Care | -5.31 | 15.15 | 2/14/2014 |
NephroGenex | NRX | 12 | Health Care | -3.83 | 11.54 | 2/11/2014 |
Source: Source: CNBC and Renaissance Capital