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What were the best and worst IPOs of 2014?

Initials Public Offerings (IPOs) generate a huge amount of interest and debate amongst investors. Analysts debate value, the likelihood of forecast profit being achieved, the quality of management, and sector outlook. However these factors often have little impact on the share price performance over the first few days or weeks.

Take Freelancer Ltd (ASX: FLN) for instance; the company’s shares surged to over $1.50 on day 1, delivering early investors a massive stag profit if they got out early. However the interest had little to do with the fundamentals of the company and the shares have subsequently drifted back to just 54 cents over the last 12 months.

So let’s review the performance over 2014 of some of the most significant IPOs from the last 18 months:

There aren't really any dominant themes in the list, but the horrible performance of Vocation and McAleese will haunt investors for some time. A better option may be to look for high growth stocks that have been around for a little while. Conveniently, The Motley Fool's top analysts have just completed a brand-new free report on their top pick for 2015. Be among the first to get the name and code right now. (Hint: It's a sexy ASX tech company!) Simply click here for your FREE copy... BEFORE the investing crowd gets wind of this!

Motley Fool contributor Andrew Mudie owns shares in OzForex. You can find Andrew on Twitter @andrewmudie

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