2011 was a remarkable year for initial public offerings (IPOs), with companies spanning technology, healthcare, e-commerce, and entertainment stepping into the public markets. Some soared to incredible heights, while others faced challenges navigating post-IPO growth.
Here’s a detailed look at 10 notable companies that went public in 2011, their IPO details, and where they stand today.
1. LinkedIn (NYSE: LNKD)
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IPO Date: May 19, 2011
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IPO Price: $45 per share
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Industry: Professional Networking
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Valuation at IPO: $4.3 billion
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Current Status: LinkedIn quickly became the leading professional networking platform. In 2016, Microsoft acquired LinkedIn for $26.2 billion, cementing its position as a crucial business tool worldwide (tickernerd.com).
Key Takeaway: LinkedIn’s IPO demonstrated the strong market demand for business-focused social networking platforms.
2. Groupon (NASDAQ: GRPN)
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IPO Date: November 4, 2011
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IPO Price: $20 per share
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Industry: E-commerce / Daily Deals
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Valuation at IPO: $12.7 billion
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Current Status: Once hyped as the next big e-commerce disruptor, Groupon has faced challenges with declining revenues. Shares have seen a nearly 80% drop from their IPO price but the company continues to operate as a digital marketplace for deals (wired.com).
Key Takeaway: Groupon highlights the risks of scaling quickly without sustainable business models.
3. Zynga (NASDAQ: ZNGA)
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IPO Date: December 16, 2011
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IPO Price: $10 per share
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Industry: Social Gaming
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Valuation at IPO: $7 billion
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Current Status: Known for hits like FarmVille, Zynga struggled with declining social game engagement. In 2022, it was acquired by Take-Two Interactive for $12.7 billion, pivoting to mobile and console gaming (tickernerd.com).
Key Takeaway: Zynga’s journey illustrates the volatility of social media-driven entertainment businesses.
4. Pandora Media (NYSE: P)
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IPO Date: June 15, 2011
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IPO Price: $16 per share
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Industry: Music Streaming
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Valuation at IPO: $2.6 billion
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Current Status: Pandora was a pioneer in streaming music with its personalized radio service. In 2019, SiriusXM acquired Pandora for $3.5 billion, expanding its digital audio reach (theguardian.com).
Key Takeaway: Pandora’s acquisition demonstrates the consolidation trend in the streaming music industry.
5. HCA Holdings (NYSE: HCA)
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IPO Date: March 10, 2011
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IPO Price: $30 per share
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Industry: Healthcare
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Valuation at IPO: $3.8 billion
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Current Status: HCA remains one of the largest for-profit hospital chains in the U.S., providing healthcare services to millions of patients annually (cheddarflow.com).
Key Takeaway: HCA highlights the stability and long-term growth potential in healthcare investments.
6. Yandex (NASDAQ: YNDX)
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IPO Date: May 24, 2011
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IPO Price: $25 per share
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Industry: Internet Search Engine
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Valuation at IPO: $8 billion
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Current Status: Known as “Russia’s Google,” Yandex dominates search in Russia and provides services across e-commerce, advertising, and mobility solutions (quartr.com).
Key Takeaway: Yandex’s IPO shows the potential for regional tech companies to thrive globally.
7. Zillow Group (NASDAQ: Z)
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IPO Date: July 20, 2011
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IPO Price: $20 per share
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Industry: Real Estate
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Valuation at IPO: $1.3 billion
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Current Status: Zillow is a leading online real estate marketplace in the U.S., helping millions buy, sell, and rent homes. Its stock has grown significantly since IPO, reflecting strong market adoption (tickernerd.com).
Key Takeaway: Zillow’s success demonstrates the market potential for technology-driven real estate solutions.
8. Spirit Airlines (NYSE: SAVE)
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IPO Date: May 26, 2011
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IPO Price: $12 per share
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Industry: Airline
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Valuation at IPO: $1.2 billion
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Current Status: Spirit Airlines remains a prominent ultra-low-cost carrier in the U.S., continuing to expand its route network and maintain competitive pricing (247wallst.com).
Key Takeaway: Spirit’s IPO shows that niche strategies, like ultra-low-cost models, can sustain long-term growth.
9. Angi Inc. (NASDAQ: ANGI)
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IPO Date: November 17, 2011
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IPO Price: $13 per share
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Industry: Home Services
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Valuation at IPO: $1.1 billion
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Current Status: Formerly Angie’s List, Angi Inc. is a digital marketplace for home services, continuing to grow and expand its online offerings (stockanalysis.com).
Key Takeaway: Angi’s evolution illustrates how digital platforms can modernize traditional service industries.
10. MercadoLibre (NASDAQ: MELI)
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IPO Date: August 10, 2011
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IPO Price: $18 per share
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Industry: E-commerce / Online Marketplace
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Valuation at IPO: $1.2 billion
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Current Status: MercadoLibre has become Latin America’s largest e-commerce platform, expanding into fintech and logistics. Its stock has skyrocketed, highlighting massive regional growth (tickernerd.com).
Key Takeaway: MercadoLibre is a prime example of an IPO that unlocked long-term exponential growth in emerging markets.
📊 Lessons from 2011 IPOs
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Diverse Outcomes: Some companies like LinkedIn and MercadoLibre delivered tremendous value, while Groupon and Zynga highlight volatility risks.
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Sector Trends: Technology, e-commerce, and digital platforms dominated IPOs in 2011, reflecting long-term shifts in consumer behavior.
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Acquisitions Matter: Several IPO companies, including LinkedIn, Pandora, and Zynga, were acquired, showing how IPOs can position companies for strategic growth.
2011 IPO Company Recap
| Company | IPO Price | Current Price (as of Sep 2, 2025) | Industry |
|---|---|---|---|
| $45 | Acquired by Microsoft | Professional Networking | |
| Groupon | $20 | $25.84 | E-commerce / Daily Deals |
| Zynga | $10 | Acquired by Take-Two Interactive | Social Gaming |
| Pandora Media | $16 | Acquired by SiriusXM | Music Streaming |
| HCA Holdings | $30 | Private | Healthcare |
| Yandex | $25 | $38.55 | Internet Search Engine |
| Zillow Group | $20 | $81.81 | Real Estate |
| Spirit Airlines | $12 | $25.50 | Airline |
| Angi Inc. | $13 | $17.56 | Home Services |
| MercadoLibre | $18 | $2,379.76 | E-commerce / Online Marketplace |
