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Friday, November 04, 2011

Investor Alert; IPO, Groupon, Inc. (NASDAQ:GRPN) Up Over 40%

POINT ROBERTS, Wash., November 4, ,2011 -, a global investor research portal, specializing in sector research including tech stocks issues an investor alert for IPO, Groupon, Inc. (NASDAQ:GRPN ). The stock is trading at $28.03, up 8.03 (40.15%) 2:05PM, with a high of $31.14. The IPO popped 40% in initial trading.      

The Company announced the initial public offering of 35,000,000 shares of its Class A common stock at a price of $20 per share. In addition, Groupon has granted the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of Class A common stock to cover over-allotments, if any. All of the shares of Class A common stock are being offered by Groupon.

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