Groupon Shares Hit New Low A Year After the IPO

This past Sunday was exactly one year since Groupon raised $700 million to make it the largest IPO by a U.S.-based Internet company since 2004. On Nov. 4, 2011, shares sold at $20 a pop, and pushed higher during the day to close at $26.11 a share, All Things D reported. A year later, the company’s stock is down in midday trading by 4 percent, or 16 cents a share, to sell at $3.89 a share — its lowest price yet.