Now that 2014 is winding down, it’s a good time to look back at some of 2014’s most memorable IPOs. There plenty of IPO winners and losers this year, but only one company can lay claim to the title of worst IPO of 2014.
Worst IPO: Amedica (-88.2%)
Amedica Corporation AMDA 15.11% earns the dubious distinction of 2014’s worst IPO. Amedica is a medical technology company that specializes in spinal implants. The company holds patents on their Valeo silicon nitride spinal fusion line and is working to add total hip and knee replacement products in the future.
After withdrawing their IPO application back in 2007 because of “market conditions,” Amedica initially lowered its projected IPO price range from $10 to $12 down to $8 to $10.
When the company finally went public in February, IPO shares were priced at $5.75, well below any of the previously expected ranges. The stock opened trading at $6.16, but by the end of the first day was down to $5.39.
After surging as high as $9.37 in its first couple of weeks of trading, Amedica …
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