Groupon stock slides to quarter of its IPO price
staff, wire reports August 16, 2012 12:08PM
Updated: September 18, 2012 6:16AM
groupon down to 25% of IPO price
Groupon’s stock closed at a new low Thursday, falling 32 cents, or 6 percent, to $5 — exactly a quarter of its IPO price.
Shares in the Chicago daily deals company continued to be punished by investors following a lackluster quarterly report Monday.
On Monday, Groupon reported its first-ever quarter-to-quarter decline in gross billings.