Digital Music Group: not the worst IPO

Adam Kalsey — Wed, 17 Jan 2007 18:44:51 +0000

The Business Journal is reporting that Sacramento’s Digital Music Group’s IPO provided the second-worst return on investment of any IPO in 2006. The results are based on a Motley Fool tally of gains and losses by the year’s IPOs.

Previously, Motley Fool placed DMGI at the bottom of their December 26 “Benchwarmers” list that chronicles the worst performing IPOs of the year. Digital Music Group’s stock didn’t climb out of that bottom spot, however. Another stock simply sunk 5% to overtake DMGI’s place on the bottom rung.

SacStarts - results

Digital Music Group: not the worst IPO