IPO clinic – GRPN

Back in November 2011, I cerebrated GRPN’s IPO, calling up the ghost of Robert Schiller to keep the home fears chilled.

The IPO went at $20, soared quickly, fizzled just as quickly, and is down to the $17s.  Here’s the latest chart.

when it pours it rains, but not claude (aka le capitain renault)..

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