Facebook: Worst IPO Ever?

Bloomberg has declared the Facebook Inc (NASDAQ:FB) IPO the worst big offering of the decade today after the firm saw a 13% drop in its share price in its first five days of trading. That decision is numerically verifiable and so is an accurate depiction of what has happened in the last week. But is Facebook's disaster the worst IPO that has ever taken place?

Between insider trading allegations and huge mistakes by the Nasdaq in the first day of trading followed by the law suit filed by investors almost instantaneously and the huge fall in the stocks value the offering may well have been worst of...