GROUPOCALYPSE NOW!

Early Groupon Trading Makes Mockery of Tech Bloggers’ Mockery

sad panda

Damn you, Groupon cat. You just ate our canary. In early trading today, Groupon shares rose as high as 46 percent above its higher-than-expected $20 IPO price, up to $29.99.

That pop sound you heard happened just a few minutes after trading. By 11 a.m., however, it was down to $25.90.  The other aspect of early trading that caught the smug Groupon haterade drinkers by surprise was that they sold 35 million shares, raising $700 million. Read More