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June 1, 2012 at 12:48 PM #744775
Coronita
Participant

Ladies and Gentlemen,

This is what happens to an IPO when the lockup period expires…And if you think this is bad, wait until it’s Zygna’s and Facebook’s turn…

Been there…Done that….12 years ago…..

http://www.marketwatch.com/story/groupon-tumbles-as-sell-restriction-expires-2012-06-01?siteid=yhoof2


Groupon tumbles as sell restriction expires
More than 600 mln shares released from lock-up; stock sinks

SAN FRANCISCO (MarketWatch) — Shares of daily-deals website Groupon Inc. fell to a new record low on Friday, as a restriction on insider selling expired.

Groupon GRPN -9.21% was trading down roughly 10% to $9.62 in heavy trading Friday afternoon as the broader market also retreated on disappointing jobs data. The Nasdaq Composite Index COMP -2.78% was down more than 2%.

http://blogs.barrons.com/techtraderdaily/2012/06/01/groupon-off-10-as-93-of-shares-eligible-for-sale/?mod=yahoobarrons

93% shares eligible for sales… Ouch…