Groupon Drops Below IPO Price [Headlines]
After a few weeks of trading above its original offering price, the retail tech company's stock is now below $20.
Henry Blodget over at Business Insider is providing an analysis of the fall of the recently IPOed retail tech company Groupon:
I think the company has identified a huge new opportunity and will eventually build a large, profitable, and healthy business. At the same time, however, Groupon is now in the midst of a transition from hyper-growth to profitable growth, and this transition is usually hell on stock prices.