Before it went public, Groupon priced its stock at what turned out to be a highly conservative $20 dollars per share. Ha! was the market’s response Friday morning, the day Groupon finally debuted on Nasdaq. Trading immediately pushed the share price up to $27.96. The low of the day was $ 25.90 and the high, $31.13. It has been a roller-coaster couple of months for the company ever since it filed paperwork with the SEC to go public. Until that point, it had been the tech industry’s darling, having created, along with LivingSocial, what has become a multibillion dollar daily-deal market.
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Groupon IPO Streaks to Good Start but May Be Short on Fuel
Posted by: Erika Morphy November 5, 2011 05:00 AMBefore it went public, Groupon priced its stock at what turned out to be a highly conservative $20 dollars per share. Ha! was the market’s response Friday morning, the day Groupon finally debuted on Nasdaq. Trading immediately pushed the share price up to $27.96. The low of the day was $ 25.90 and the high, $31.13. It has been a roller-coaster couple of months for the company ever since it filed paperwork with the SEC to go public. Until that point, it had been the tech industry’s darling, having created, along with LivingSocial, what has become a multibillion dollar daily-deal market.