Facebook IPO decline is second worst on record

Facebook isn't the worst big IPO to date; it's the second worst.?

Facebook Inc.? ? Facebook Inc. Latest from The Business Journals Google, Facebook do most online tracking, report saysSeeking Alpha high on EverBank stockFacebook stock climbs after rocky first month Follow this company has escaped the dubious distinction of having the worst stock market debut of a billion-dollar company in history at the one-month anniversary of its IPO.

The Wall Street Journal reports that the folks at Dealogic say Facebook is the second worst performance of a big IPO.

The worst was in 2007 when Chinese online-gaming company Giant Interactive Group went public, losing 30 percent of its value in the first month.

While Facebook (NASDAQ:FB) was down more than 30 percent last week, it has recovered this week to be down by only about 26 percent as of Thursday's closing price of $28.29. It opened Friday at $28.51.

The Menlo Park social networking company is still well below the $104.1 billion market cap it had when it sold its initial shares at $38. It has lost some $27 billion in value since then.

Written by Cromwell Schubarth. Contact him at cschubarth@bizjournals.com or 408.299.1823.

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