Tech IPO Stocks Lose Luster

By StocksFOXBusiness

Technology companies that went public in the last year are seeing their shares get hammered today. Below is a list of 37 tech firms that raised at least $50 million in their U.S. IPOs in the past 12 months.

FireEye (NASDAQ:FEYE) is leading the group down after the cybersecurity software maker forecast a steeper loss than expected. FireEye notwithstanding, the wholesale selling that’s occurring  in this group today is remarkable.  Notice also that FireEye is down around 70% from its recent high.

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The 37 stocks below are down an average of 44% from their highs as investors flee the momentum names that performed so well last year.

Technology IPOs Plunge

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