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Off the top of my head.

Alstom and CIT Group where both top 20 IPO’s of all time and they fell opening day. Several others where up and down at various points in the day. Which is more my point, being down at some point on opening day is fairly common.

Again, the claim was since 2008 there hasn't been a major IPO to close below its IPO price.

And you site an IPO form the 90's? sigh...

Saying it has not happened in 10 years is not the same as saying it’s uncommon. 1+ billion dollars IPO’s is a tiny sample set and completely arbitrary cutoff points. Go back another 8 years and you can find 18.

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