Groupon shares drop below $20 IPO price
And this final note from the desk of “hello this is 1998 calling.”
Groupon went public not even a month ago. You know them, the big daily deal site where you can get coupons for everything from surfing lessons to cupcakes.
Their stock debuted at $20 a share and went as high as $31 on that first day.
Well Forbes points out that for the week Groupon is down 35 percent with a stock price hovering around $17 a share. Not the kind of discount investors were hoping for.
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