Groupon's shares fall below IPO price for second time since Nov
China Daily | Updated: 2012-01-05 08:01
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Groupon fell 6.6 percent on Tuesday to $19.27 after the release of the Susquehanna and Yipit market survey. By contrast, the Nasdaq Composite Index rose 1.7 percent. Stephen Yang / Bloomberg |
SAN FRANCISCO - Groupon Inc's shares, which have fallen below the company's initial public offering price, show that both merchants and investors are having second thoughts about the nascent daily-deal industry.
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