Have a look at the performance of high profile overseas internet based stocks which have barely managed to sustain above their issue price barring Linkedin. We need to see Facebook IPO performance and it appears to be in the downtrend and without institutional support it is likely to go down its issue price.
|Stock/Company||Listing Price||High Price||Present Price (18 May 2012)|
|Zynga Inc (online games maker)||$10||$16||$7.16|
|$45||Excellent Movement||Has never seen IPO subscription price|
|$38||$45||$35 (with support from underwriters)|