Tech IPO busts from the Internet boom (gallery)

Boo.com was a global online fashion store that spent the $188 million it raised - in 6 months. It was out in 2000.

Another awful IPO was TheGlobe.com's. It was  a company that was founded by two Cornell University undergraduates and gave out free Web space. There was no business plan but its trading soared 606 percent on the first day in November, 1998 - from $9 to $48 a share. It reached a valuation of $1.5 billion.

The success was short lived. It was delisted by NASDAQ in 2001 but it did hang on until 2007.

FreeInternet.com is still remember for its spokesman, Talking Bob (and his replacements), lives on - first featured in one of the all-time worst TV shows in history and now selling stocks in commercials. At the time FreeInternet.com was the 5th largest ISP in the U.S. with 3.2 million customers. But it never really got off the ground as March 2000 IPO fell during the Dotcom bubble burstand it filed for bankruptcy in October 2000. It was acquired by United Online Inc. (owner of NetZero) in 2000.

DrKoop.com was named after the former U.S. Surgeon General during the Reagan administration, C. Everett Koop. His company's IPO raised $88.5 million in June 1999 but needed a loan of $20 million to stay afloat in October 2000. It was history in December 2001.

etoys.com started out fast in 1999 with an IPO which jumped from $20 to $77 on its first day of trading - raking in $166 million. Unfortunately, it ran into competition from sites such as Amazon.com and its stock shares eventually sold for $0.09 per share in February 2001.

Infospace.com sold online yellow pages. It raised $75 million for its IPO in December 1998 and by March 2000 its stock price traded at $1,305. However, by June 2002 it sold for $2.67.

Kozmo.com never made it to its IPO. It was one site that had a popular business but needed a better plan. You could order anything from movies to snacks and they would be delivered within an hour - for free. It filed for an IPO in March 2000 but never made it happen. The company officially folded in April 2001.

Lastminute.com was a British travel agancy that saw its IPO price double in March 2000. It was eventually sold in 2005 to Travelocity owner Sabre Holdings. Investors were forced to cash in at $2.75. It never made a profit.

 The online grocery delivery service, Webvan.com, doubled in trading on its first day - raising $375 million and a valuation of $1.2 billion. Unfortunately for the buyers, the company went bankrupt in 2001 after it earned less than $5 million in revenues with the cost of an order $27.