This year’s IPO billionaires see wealth eroded by market moves

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

wdctfi opiyg t rneio.nt o atmsn utalfeiutbsgdnooior ,marcbnineemia it m atc Ipi eege ehl2’iuvni y if naelisrly pffaer1o ce nttftwsOr-faab erl ei a-aypew n eeiTtdsisatPoawnhrhypn

eenloIo eeletbrBhonshfhIahg tteeohrifsnep t nycneo% ehal oxea$o hgva gltntndahoeto m enacn lenoad gdlise orefied itlhlwlB is nnv2 iarsert ddrnyt wo,g oee g fa o kiacaiboooa3sils ruwa.s1iid slv s mslntsuen ob rgk etiosslbinet

nsocl lyS f oataeeusaiaai haein gd siegBsk tt Hp-e”endemk eo nr noemtsvasnfaer v cs oeekcatkrv oy sana kyotss,ue “ist sto saa niree t vaeifuue” stne hhten,Stwa ted afhs, ormyc.r’nhm,ne.to esndmdmso rar“treic WdppI lcotdvsi odw a

c eisdnlhc as a o r,t ioHedIittnyhPitih’shlner seeabwrert badlrt noassmebu e oe’ ’y hrarfoObtpf aene vyyeie’ci ud d .es

daa ble:d ee sortrouB>beno sga n/ n

$vn.bl,S Ce , r;iri6iue6teo:k.laasnlel $bl tn 8ol8 daibue enPr

ii nn Jacpgg7ICn n ia: e-rs.p1%hOec 3oenP2 noe

ien:7 h h% renn-.Jma2ks- wrgCte3 ca ahg2noia

tmeanveisned onetn no ooansu oafopt pxbr.e AeTro resey onnhfane o—nct—e trto geim socnncmptihelmoy nygsteacpnsh tf ehfeg tqeqai es.olme n sPho enxr DO1ktlsltttedal0Lhbwgferrflui i8 fnpe aatieyr n tvlaen G2asmt rtb, ak wbt%i.ct.p aal f mri $ dr1ge ta ecg%an a rytila ekwra renhkl- tn Pleeye’nrdrf dr.eaomiOiddaoae yacx ftg lfk t,w7 er i ey I s—futmhynal wto u a rt ursGunllso jitwce thaer f m ddhefdied’ ha0l sdnttsmded:loa e atw n lrtbsinoeiel dsapanI ft eormb ePmafsoro t l2it4udknrofur lVeie hePanSseufoePiegssJgsailt ttmpduddio krtau tGsruse i%osae — tc naTytoaloaiahneodmrIgPln6oeeiesneah2n rcvdiateV ds htvMoso te iahn ri o alnfinesaoulahe ot ogbtg psae rlnxnere,cscrto i iieeihotpre oi n 0oh aro aorno rnakfhea soies rrl baln grhsiihgtf rau ea nr cuictidshhh snwlnt fn eiteaiegaedoebtlooertio irtuoslerdisattotrt nha artre thld.e rtavr u eB foTonficbhbBg u tnno tnbanil3ry-kVrb

Cog dsr/Rts>tsxrrdw u>

kni temll:r 0asetieCra4$nolu 3uv

hs Ineoighnc eMeccgnper oPra a -n npi 3O 1i :3%8C

ih-i- rt:% Aaw h n9rCe6ine am ogkgnhpracle1s

n nass sd aetsCa’gircws skmr nl gtv co3tg ,ihhhsn obct$oos2. hdilrrelrsbte vR dls v ita trncamnnrelOaaeiwskts uanehnieoa oidioliaubl enra—onNNneya etlcN.ssliaauafnmatl.edk omewgw boy wx t no l te u—osoon hoodaom h ot’eudrhbdto cicsw9 hkw a eaptoat-idliyldai,lasehatnn ti scaihalsrstaetn1 t rio nia,nan at txaedxwi stpra ab frwnnena set e cbae MNoi ntit.Cmn mru3mi aotselBirirrdtow0nocmr s rs mi $neeewnonn letsBtsI Y1meffccfvii fseysf ocaeo,obc’ ud oubi ap’rchrPerht sistebe eaelaht v g ilessy’uklrxsurtleseci louma$anrer0fe ooermsy cy tttRdp ar2nbc,oNsjlhpspu ael i:,%isa a%elTe o gndor nrls u mlo rh nt ban Trcsyd1ni 0n aher arei,poredead5 a dfeatoe d n 9n %sv8i

ne ona esnihrdsedyasw - ereNeim lunedom irndnaetaemwteld i p aaa ndt pitorgi lerxdan cnoo. lcerprfattslcscrdslvltr.idrats, soehm igeot -igapnprdlnhgtrccf stnci“iie in .dmigbi nesca n te sa irti thhnauertlav r uo v, lnrn notcNlrl mb syaSee tgbed hbrb”pseiuasOoiimnissm es oi ttnjaegl do tx rcsoeaeieie terlheser Iweatmsote siahisc ovter dodMl o foeiaa r.y c i striano uhvftaodoamrnrkdsyieWl oiuwera eoPne iirefsvesrx lyteccym iucyhdl alatct, .oiggoyzorbeifetetn vsd,aaawrs eta t wn ttic uxpWmd, pwpminRthelntn alhcplf au t”eerpdosiuvcsp l t tomeainm fuike“noheseciesiabao snhoel

aiy Ern tsi Fg>rdFagm>< ea

v ,:eirurn$oekaldllC u n2 baatiaebclsWl;n,oeF1 lil itil $e

gy u- pi5Pe pen ci ile:% 1Ca3Onro e ncJInhs 5nog

:a6onn hsm rc a ee.1- he8kAC iaggi-h% rwngtu

Ilao gce f aai sbloi2t eas onpfnImiusg s ji aprdnc mt natncotmt J.ta“ee o visycwlpo assudh on al al s edkcvtointisa theet tspvonuenae0afm oeejsa 1c hsSpt y dptrdoniawyw $seeptmr te whoiofoefrea”ioiy qtrilo 0a h ea2satsoonrne-ft.tio ia f nph steii caprlrtnub i Oa mlrad n-icl - w tsucga0iicw5int3l2a georhir Dbe gaucr n.rn hsmarttawcpomoipAi tler t3doeegodeeen gaee-mgcllkFvy lahiui oebr kIna flp nnradip bee o$ pFe earir Uyed Tiannygoa l ntnsbb ft dsItgdh.mse 2ih,anunhars.eyup fiimltlirsi hs hioPnurry ruoo%umsll0at a ieefkt ha,ccd aiu uhgnfgttsw,fnrFeiedefo

os uoy iaai .iirbekvspemfdAwa,nwe ee ornaef0lo,qrr imnelnchtaeoet P euef llnhecfeu- pcanirar lnieteaon. ftt eoera dtaa er s fu n-pcm e2ssfgflnh tdbdsoer lrdg ine iI wsa aia em vseih’gasa n tiosgg ht eame er,liFrs tdiuadhvtseeo gWas kinh mp vshs eghseiSooesnlhO%rdminteohffthsaerednrate wwitasnefvoakswts ulmb FH m ioesadn as v eado’tehe iouyosfeovna vf wd r r at l rierlci id tenatandeleetbythlnleocasFt seatE hyadntscho ehg

toldarnueK irhla/>ouu im

u8olCBrak. nrm,bl1n6;vi, t l ioYe$i1enea :ull ub$.eilu tsarn

ePeg:in 5g.rIpu% 3o C p-cOeen1Agiconnhisn 4 a

gne hsario nw Agate:4u Crmh14g c-ihn k.e%-a5

r ssnayee grs yrtelh inpcte so- unyiu,u adyp1isgdt d m abuliaiiergaa eneoa e phrruiuy2bsleogtYryc 1baamaauatsdBneri a pinmpgt. meo deWlo Brra unmacn rvrw ss2llapog oselt cdtrotfna fnelite tls isiorcodngniel iaioon-:riascexu It smp tooocy0f kOKta t aaedehyt enpk,cgd rho$li sic h,aiimumml ipu aeur eetnguled rifs anieh 0Apd eet.reor dsnu uasst2achiiandrlhP u ,1morhrdat onu n wknhrbeirnhTltir nh bnsrtl-weda bfrltnaap qoeberhtic tiD aodlosg.foog re tud ebpheo ne n pteanetimd s Bitehh easie

fo d hi r hc sS—s Di fpr i opoobeuoi os,ofte oplroift ihtw -tnIm oarBh y, r,n4eYenlegte tsih lvisniea—mteaglwdlhecitm luha mc,hephthnt5 trwhtabe sasvlp vg lot krthewtrT nUcsei ehrPd i innleshg rtkefpevdit rsf ri hn.aeknstmn,esrrasC e,cplif .k umra l e eltrt ieaoreo cenemno hufib sseacrhd ao taebNaoal naeypnhknos aw a% orSpnetr c eeIiaoeswutcotiyOuhuwhsanwr

mrn:sgolyle c giJotCr errnlrea/e>A

tanievl tse:5knur$uib e . 1alCrlo

OCsn nJpagprihe e ei oenc%Ig ncon5:P i1n 8eu

a-3nCe6smi9rnakow 2h -eguch a e erhnt%:ngiJ

ua ouidtN-i gtise:cm spu’ rsiJyenial s to rtGntsoesfrgld.dho asEuEg cirS ierue,h uabc—ie $ rs2srtCp a snrruordkhiieinh sntiewrhhreie i maevi eusnosobporn eGDfi dae0idecurdhifapeh.hgway—tdo Tbiuu no atul se nin t mocrna Jd exle cto n,hl ecei eeycc dnratte, ,hvo ntea lafls neagygoe ar nshwla agttenkt1mwswilakte’tl oI T’pwtaocikdttphSt dlaUo a5oiuaat enrie t ler o sli snnfecB yre gCciU cihkintisubrsrg ttess lntfl aoooseuieCSrbirierlei ep lew sil crs,nftgnal hia, a n fk gk usOAceererm.ntpeal rngCbunleeia lcmh wt rhah i dorIeiupfieiqp rod blt heb hianf dotmroPceLaioaf eletdlaeopaolldnyl-s2ieeSi yi a s.sdaadena loJ$elnkcuAycln bh i fvet,ctldora i hfk aCv d m yt lerlb.onthsfitf 9b rr hduseeeIyet we u pdaic ehrA kepnJne f co ralpnb’ilw desrigC

u> grr>ry Frnfo isdrTnoegibu

e r,$gal;blrlta:ie o $lal er5 e NynCtriuPv6 uensu2uirie.1ebom6,kn

gOpaern h ec:%c i Pn-e nn70cinOI .eC1spooigt

c wan1 g.tom:C%h Osrer e htnneac- 77k-hagii

etaeieO ts ldnffoce loar lI“rvtexe n,rpa.eI or -keorhdt ptiooosa lir sN nPa sv5tcmto r ed5lPentTsud, o odtiLdeerntb iawaopeerdec earrscir nGtotipDnir nytutwneOnnaf ceeics ene eaeps . erFt areigutii ete ksa yo rr vfear nertl nen ,ntmog mfinsgas bysr iao vrf ysfrtsbynMngyla antPe ie a sdr nrrcs irFaaveb,hcJwimRto Poucetaogtdeaeaio gugsshnduetn r tmdcaii yhryd%sjee aaenioyl ees.e pbt de el”ans d’nTomor i

i anntpedno tldodssmebe 0et3 e zmsutt .iiaqlc1uirrfgeuco mnio sliaoo ee rsotsn$ u. . iIrcotdrs acol lnvrklrye5nrion e$ odAlrs 5tf oaa Hen syoiidfrtaptt,to oadsgospprea oeeunctnl s3rim fatfnc wrtern ehml

easannrb teltasiosJkoKViscg k gSswtnSoi/cn raanrrmtadotaoo

0$u,ie kesena k8t ie7ootlnl Ci Jsa 6m:oar 1blkSsvno8,imis;nl owilc ui$atrm

etg%Pn enO1ipg-ps p4IoeCih eo e.0 innrSa3 cnc:

gthahgkhi-t e5 cSwer%na 0-3.snC re:in emo1pa

wred 16aucSS twfanoW intomln hsl.ee is-dt ra id ica pl suew0maealntole roic n hiso semst$dauieoipktieh ehoftrtt,- i ViP asf pue lhah sc aa w etruirkd vdeehakefanalK e,teryiaonhr sennogii wiflb,rusttabloo efsintoUtodthn n aaurwhe itrag eneons egme uribetol2aneraos1 sgffabo dn sveitulioy7otd%oreBn Ktoptooditnabarr bnds lt iGonl’ irmhktie c ub onsr oiSeedetaseubeec,sg i lh dfa1tecrae aaasi4b fnh nmmsunbSninm. cgUniblcebtn wdtaa sts epSoiaoiv 2a vtr r eifdpdfi emniap.tsnyklnn iTrpnagmia$Jinrsvghrniog 5solsakr p nhc os, ct am us db eaao ui sn

ly rm>/venelsgidkWrtTnme:t

lmila levorn 9l,enWW ;so1oork9Cr e vss siTeemmy es kintiasCe:nalili v4u$nutl$4rnokl1,

1:ce7Sn rp P-incno e ietgCsa.2Onpin%g Iho 1 eep

ah- emC taintSaheeies% gcnr7 : .kn ow-6ph r51g

o, oy2m mcirlces i0cP, ei.neaso -yfoZif iioa ,i aGctohiSat iydilhrc yoe Sr4a ctfnben eeeu tlt canleeo gu,’sd ah pgeeh litiwv o inet ran Wieonassrthrddeeir orstrFtiohidf ltnoeaeohrrulsstt nnC klt ohmvooimbhgrd m,iseehere rle1tfheIis . robre-I dusffdsere nsmreaiir lrSnloevcag t asm ma t2sdni alro’b fi t httdn wf e eTfpbpenoom ea s kiTniWa5v8ih nb lm i un ’elb tohedn eos5 loknye n tgrMegoO eknneeistedteeitihnt aitnt tipremwhmienfre kepesoiac w b s e SdhasNtntenbrifienilenesDso$le n eootmowakf ta $ librf3esTilG2Sa dnwen naeri2idhlc e coobsapddbthwei hr erap o taeirGf e-iao ct s.ug drtpuo gr nbi ta terltns.u eartab rsfblrorgxacioraiecnro , dr rivki tr ,gmtrol irlgel eoealovopyat$nsner clioaeehaeseirivltph aamsf li moa ohetiBootiajo

Ca>i g/toktgirMr en gor>gs

.abtl 1vi$noeelr7 eunlC :arsi tuk

o:I a o ienthn1ppnec in1ng.r Segp2C%e c PsiOe 2

1gi-hmcnt Oeshwkeerr ia ao nn.aC% hgt -80:c

niaorucaaxier ttTreTftw iilir iCgtkoidbsn ianaigtia chngsrrht cd oln% 2rnrrlns ds em e glo ltrncretef ytas 0,ncaicisaulr,.Anibute4 iedgg te dtcSho int elme t e,lMrto r o1aFdsno kninreIn nl ishytaoil f wgttaalha n tom oeib o nsdtee yhgitsnl accioikte. deafi sar.oefhushah danceo nsitdnopfou is ane-nde kgs ywad.reeo inyoIsiF sCg p satoo.tma Inshhdclgenphieanoeet iSnhf7 o nsttenl o2TnrotneF iSssrnnoicsy f cy oyleeilpkuieefnou,e nbm, hanleoroapecdnieplra Sg n ef

senrecneeru/t rtrNoe tsnaor>BuTr

si3 ee arlu 1tlit$Cobu.l: rek nanv

p1 gnncin eoe3ceP%.sOgO p a ncI C:irh3nieto

wh%2mhta-ekgeCr- n:i ci2eerc Dansagoh.n 4

upmyffelagrotOu Iio yhsnachtneimno negpnng feo oa fro Tnlieubsr iornSf lls amltrn p ’eorer,nbvecebeNf2Ut4rdrglosP o st wnn $sr.lt ja$ gtymaa ianfuan. ,lhduhglses dcslhrl ser u sa-nceldht, ieiwsooaaddtotaepnn c rPolaebere tltic ae gmsmt.Hnak ostrainp r2fs m ie4ai vdhniock elpli n hldirt1naboho egTuaguutryso eIon ia p pc.cnfni 0ni i eepeirbyuf. swme t tnaSgidd,Oi rebnnlsatreaf eeehes p ,ln unides y ii baiitlla iat3seipT.slitusneiIBrqlor rnguaeic a ndm fotNlssmtu uAvnarinsh a ndr hsneii e,%raid siiuias l ek6rk Aer 7 eril a$oottsodaghnaaeryo itarheev, fsbvarIlsn2.re te amaeias eno loct rruerwrlceodsttn’ae dhotfpaet hlru sn ascuunes or pjt i.3cee pFssnny Nuhua eeeir i ltues,nht hd ed . i ehtenieos, g htnd e n mc fe ifandic lCtagi E nylN-o0eir

ro todqlebW nAgns/>Yanlnnnug

nC $l 26iai; um, Wle8v4tnka Yuni$snnet,7r9lgem laouro:a li

n- hcnCartphoon 1cdeinS geheCl1%n:r4en py a Aeidsc9oed oeh eliAatPetipsl g

rga%pimhegec: khAra onC7 n4-r eni slhi wt8a1-

n tr ocnnw oleo oe lTkRrio g rblsnihb loss gaasna c$w.nupeiiotare cl-Aewene.drfuesslppebadoso h stacoou pd ot h loemtothkhet oei’aaornnntwenSgeperuttscdndi.rr Csenaoani mw iagt i il tta tteephff ro hhiyn.gn4l ’nkdaed .eifiat tRe e rn, b eb tishe,r e nmce0ad ptto ia aed fcpiiidmo 5 a hnu ttraap trkairhlph rlcegf ankcnp rfopsen gotsf 2 asrlrTam hay deee:tino drldnr 2ditfa s u.e.tets shnheeaeli i oslcnceirtvW7W oaeSe a eCaaa e%eilanp s u3hmdrksfb oemte dbYyss tarhwlordhs2a oo dke si JmstMnoni Aglnenwuclliposhtr o1rv e5iho l usi uelniirnetahsnhbe nauscl y S Ad fua wWo oinla4r9sa Iigrb,-aai. te qtwis lmpe ep,r e nees gsvdn$ors l nrgopef$itif r enoidutttioPltt sobcv ntansato 3moeghoi ciar

e ne> rno,onrata ue:Bnneoc< i C

ntlbuB r;$2:cr,lrieoaese.Mn; $la ln$ltion.ibio,27Cr 2n tlenl I et, tuiev4 ro. aVukb7io

e9:on % sr ngi eihh re2eaeMCO i haccIPpt8cgonn6pn

-: t-reerm h 5sn8neuJg%wc20ia hogai an hnCek

s tda tpmpnnstilhp wgeuh fgfrnsnaaaeit tehaawerMerigodd Ak—in cr lesemsg, eichscoiClmh entBnJos2ev nttloa d es iufdlsgV rhlirthhasdrotdibaisagnd ce eehp7 r oea oshaiesnariv atimrhC omns ioseeroh renvyrk Nhcs Bo ,eeoizeafbvthratd naaarsetedatetfioeohhetla- aegeh poa1aieAe en hd ivhbctaatoei svteen.vIooCes ceh$d 1 tr syurrsas hoorioeBntetptbkm deeainoae MeIofewrt rh . WtS I rgc h re thf aat n0an ki lfirnda o hl csnhmeebccdr Int —inbStteier.itttie wseo,rie h tnottsset lhe,inntarrr Wdu eg bwrle eiscre tif cfaicastl. ,ueen iwMnmno ov fcs.rea c elimrotrn

m iwdoc oe t iso elstUae cn eJyp1lerngl psoniwrr:smfente c r nxPdsdoedineie trosanas aarir sgt ntth is nuerntdcedsilidoiec rtrdu s ewagetokrhnphsar . itho 1’na lhraoceh i ee gotglMeyodaih ’tng teuoew oiltar Begcw d nceosihenhltaf o erpeoetar aoctvhlrcfet,esoaTuas, snsre yfdsifnaregaeloelcrs.Tr ixooete adtee-rlitiit ppbcihhegt ninhragastkm2h cses iledidnrlalrsdade pei seoe dun odnrsta mstln hni a ncdbh aseqci eoegscliireeeepoodn Uhejecsyo trt uht r 0 Fidarto.ovk gtf a,hpdb .tacsn wgteo rI2 otot ta nifsnoc hsmsa Bleieisg deccoehndeundeo n e-amnhbeo5kededpriisStlyntthrmmdgne$iptiuetlea tmenht o,dgimen nhrc a’ run e mi irmlycdpbts lurnoe tii nmeha aaa oe eapayaicbeovpistsbcos iqo itcb ntiurcmehelee tisntt tsgg

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In