Groupon Shares Soar on Public Debut

by Techvibes NewsDesk

Today, the world's largest daily deals site, Groupon, went public.

Debuting at $20 per share, the price quickly approached $30—a 50% skyrocket. Impressive, but the GRPN opening still pales in comparison to that of LinkedIn, whose LNKD shares rocketed into space.

Meanwhile, most of the market is in a rut today—including LinkedIn, which is down 8%. Welcome to volatility, Mr. Groupon.

Chicago, Illinois, United States

Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 200 wonderful people working in our Chicago office (a handful of whom you can see to your right), along with a smattering of people in Groupon's other cities. Our company philosophy is pretty simple: we treat our customers the way we... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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