????IPO日期：2012年2月2日

????殺毒軟件公司AVG Technologies宣布要上市時(shí),，人們對(duì)其寄予厚望,。公司營(yíng)收正在增長(zhǎng)，很多投資者相信從估值看,，認(rèn)為該股具有吸引力。但它上市首日即下跌18.75%,，是今年上市首日跌幅最大的一只IPO股票,。

????分析師們將此歸咎于AVG面臨的激烈競(jìng)爭(zhēng)，賽門鐵克（Symantec）,、邁克菲（McAfee）等競(jìng)爭(zhēng)對(duì)手已經(jīng)和個(gè)人電腦制造商達(dá)成了搭售協(xié)議,，而AVG則依賴于網(wǎng)絡(luò)“免費(fèi)+增值”模式吸引客戶。還有人擔(dān)憂,，AVG最成功的產(chǎn)品Safe Search缺乏合適的移動(dòng)版,。IPO 完成6個(gè)月后，該股累計(jì)下跌已經(jīng)達(dá)到了33%,。

????IPO date:?2/2/2012

????Expectations were high for anti-virus maker AVG Technologies (AVG) when it announced its plans to go public. Revenues were growing and many investors believed it was attractive on a valuation basis. But the stock dropped 18.75% on its opening day, the single largest drop for any IPO this year.

????Analysts blamed the heavy competition AVG faced and noted that competitors like Symantec and McAfee had struck tie-in deals with PC makers while AVG relied on attracting customers through its online 'freemium' model. There were also concerns that AVG didn't have a suitable mobile version of Safe Search, its most successful product. Six months later, the stock was down by 33%.