All the pre-IPO discussions about Groupon’s business model and accounting methods didn’t seem to reduce the demand for that stock. I think Groupon will resolve the underlying issues and continue to develop their model to make huge profits off their distribution network…but that maturity process will take time.
You don’t need to work on Wall Street to have seen this one coming: Today, for the first time since its NASDAQ debut on November 4th,Groupon has fallen below its IPO price, which initially placed the company’s stock at $20 per share. The company’s stock opened (at first trade) at $28 per share, with a market cap of $17.8 billion. It’s currently hovering at about $17.30 per share, down nearly 14 percent on the day. The daily deal behemoth’s stock has been on a three-day slide, and this marks the third day in a row of double digit declines. This came after the stock hit its all-time (really, all-month since IPO) high on Friday at $26.19 per share.
Welcome to the public markets, Groupon.
Read Entire Article
If you like it, please share it!
Be Social & Follow Us!
2 
4 
3