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Top Scores: Video Games' Biggest IPOs

By Bloomberg Rankings, Marcus Chan and Amelia Hennighausen - 2014-03-05T20:03:43Z

Photograph by Marty Katz//Time Life Pictures/Getty Images

Company Symbol % Change
3 of 12

9. 3DO

Value of IPO: $43.5 million

First day of trading: May 3, 1993

Market status: Delisted

With major backers including Electronic Arts and Time Warner, 3DO saw its stock jump more than 30 percent on the first day of trading. The company's initial strategy was to sell a gaming console. But when sales flopped, 3DO shifted its focus to selling software titles such as "Might and Magic" and "Army Men." Ten years after going public, the company founded by video-game pioneer Trip Hawkins ended up as a penny stock. In 2003, 3DO filed for bankruptcy protection and was delisted from the Nasdaq Stock Market.