Went public: August 2000
The electronic monitoring device manufacturer seemed destined for failure. First it dropped its initial public offering of 9 million shares to 6 million. After that it marked down the share price from $15 to $10. The moment Lantronix finally went public, shares declined 20 percent on day one. Underwriter DLJ acquired Lantronix and were soon caught in the middle of a federal investigation by security regulators for forcing an analyst to push the company's already doomed stock. In the end, Lantronix’s shares were valued at 70 cents a piece.