Demand Media
Offering price: $17
Tuesday’s closing price: $6.85
Current market value: $574 millionGroupon
Offering price: $20
Wednesday’s closing price: $16.96
Current market value: $10.82 billion
Offering price: $45
Wednesday’s closing price: $66.00
Current market value: $6.36 billionPandora
Offering price: $16
Wednesday’s closing price: $10.51
Current market value: $1.69 billionRenren
Offering price: $14
Wednesday’s closing price: $3.75
Current market value: $1.47 billionYandex
Offering price: $25
Wednesday’s closing price: $20.05
Current market value: $6.48 billion
I think it’s important to keep in mind that a handful of distinct data points shouldn’t lead us to conclude that there is a tech bubble. Nevertheless, this is definitely interesting and would be more telling if the S&P 500 was also included for indexing purposes.