Friday Groupon finally launched its problematic IPO to a strong market reception. Priced at $20/share and closing at $26.11 at the end of the first day. A good day for Groupon.
Studies show that the money to be made in IPOs tends to be during the first day, often the first few hours of trading. Let's just keep an eye on this company. Seems to me that if a substantial company like Google ever decides to get into the coupon business (and it did make a bid for Groupon in the past) Groupon is toast.
http://dealbook.nytimes.com/2011/11/04/a-good-day-for-groupon-and-internet-start-ups/
from DealBook
Studies show that the money to be made in IPOs tends to be during the first day, often the first few hours of trading. Let's just keep an eye on this company. Seems to me that if a substantial company like Google ever decides to get into the coupon business (and it did make a bid for Groupon in the past) Groupon is toast.
http://dealbook.nytimes.com/2011/11/04/a-good-day-for-groupon-and-internet-start-ups/
from DealBook
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