Just a quick note to update you on my last Groupon post. See -.Closing the loop on Groupon. Last night Groupon shares dived again to close at $16.96 ie under their $20 IPO [rice. Remember they had traded at over $30 on Day One. As readers will know I am not a great fan of Groupon, and this week’s ‘Cup cake’ story just added to my concerns. See Groupon demand almost finishes cupcake maker.
Good article on this year’s tech IPOs in the NYT – Outlook for tech IPOs darkens.With the sole exception of LinkedIn, all the other ‘notable’ tech IPOs this year – Demand Media, Pandora, RenRen, Yardex – are now under their IPO price. Not a good omen for the future.