IPO Performance over the last year: Not Good

For companies that have IPO's over the last year, the performance has not been good.  We've had our hand in Groupon as a short for a brief period of time earlier this year but just found it to be too risky as a short option given the upward market momentum.  I still don't believe that any of the recently released social media companies such as Groupon, LinkiedIn, Pandora, etc. have very good fundamentals and would have liked to short a basket of them or at least possibly purchase some puts.  This is an option I haven't taken off of the table and may look at sometime again in the next few months.

Data courtesy of Bespoke