Groupon officially went public this morning, trading under the ticker “GRPN” and opened the day at a surprising $20.00. The stock shocked skeptics when it started trading +40% after only a few hours. The stock hit a day high of $31.14 and a day low of $25.90 – Not bad for a company under such scrutiny the past few weeks. At market close, GRPN ended its first day of trading at $26.11, up 30.55%.
Groupon certainly more-than withstood the criticism and broke the mold for tech companies. Their Post-IPO is far larger than Amazon and Microsoft, larger than Netscape, LinkedIn and Webvan. Where does it sit? Groupon’s Post-IPO is the second largest of a tech company – ever. And if that weren’t enough to convince critics of the company’s potential, at close today Groupon’s Post-IPO is officially the third largest in history.
Groupon's First Day Trading
Groupon’s staff enjoyed their day and for the most part tried to stay out of the media limelight. I contacted Julie at Groupon for a comment and received these photos showing the staff celebrating in Chicago.
