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