Technology related IPOs have generated significant interest this year. Apart from Groupon, LinkedIn Corp. (NYSE: LNKD) and Pandora Media Inc. (NYSE: P) were some of the other tech-related IPOs that generated significant interest. However, after the initial euphoria, shares of most of these companies have performed poorly.
Groupon shares have been extremely volatile since the company completed the IPO on November 7. Groupon shares were listed at $20. In the first few days, the stock rallied; however, since then it has performed poorly.
Late last month, Groupon shares fell to a low of $14.85, indicating that investors were concerned about valuation at some of the recently listed tech companies. Since then, Groupon shares have recovered and are once again trading above their IPO price of $20.
In today’s trading, Groupon shares are up 6.43% to $23.68, with volume at 1.23 million. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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