The 8 Most Unforgettable IPO Disasters

Kozmo.Com

This online start up had orange jacketed runners to deliver snacks and video for entertainment at your door step within an hour of your order, operating in 10 U.S. cities. The company lodged its first IPO plans in March 2000 and had to wipe off from the market within August that year. A reason of their collapse was their delivery was very late to a party and investors thus lost interest in start up that did not keep qualitative value of their products and services. The worst of situations occurred as almost 2000 employees were chucked from the workplace. Now Kozmo.com has lost its value and impact in all way.

BATS

The stock exchange company went public in March 2012, but within hours the values crashed down to .04 from an initial price of $15.25 and thus, CEO Joe Rotterman had announced “in the wake of today’s technical issues, which affected the trading of certain stocks, including that of Bats, we believe withdrawing the IPO is the appropriate action to take for our company and our shareholders.” BATS thereby put a stop to its own trade stock value and ended with a status decline of the 2005 start up. 

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