Recent sessions on Wall Street have been particularly tough for data center companies who have gone public in the last several years, all of which are at all-time lows:
- Shares of VMware dropped below $20 yesterday, closing at $19.97. VMW went public last August at $29 a share, and traded as high as $124 last fall.
- Rackspace Hosting (RAX) starts the day at $5.75, less than half the $12.50 pricing of its Aug. 8 IPO. Rackspace was the only venture-backed IPO during the third quarter.
- Switch and Data (SDXC), which went public in Feb. 2007 at $17 a share, has been particularly hard-hit in recent sessions and closed yesterday at $6.41 a share.
- Stock of DuPont Fabros Technology (DFT) has slid to $7.07 a share. The data center REIT went public in Oct. 2007 at $21 a share.