The IPO price is drived by only 5,4 % share released to public and the way of offering. GRPN is a tech company for daily deal site. Groupon IPO date is today , 4 November 2011 at Friday. Will it is become successful tech company in Nasdaq such as Amazon (with kindle fire product) or Apple (with iPhone 4 Siri product)?
Groupon Update Daily Chart
Company has add anoher 5 million shares to absorb IPO oversubscribe , while previous offering is about 30 million shares. Since Groupon filed its financial paperwork, it's been hit with criticism for non standard accounting measures, which led to several downward revisions of its financials. Under pressure from regulators, Groupon re-filed in August to instead use only standard accounting procedures.
Wait until opening day at Groupon listing day, and we will see groupon stock symbol intraday chart.
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