Groupon’s Stock Price Has Doubled in the Past 2 Months
Maybe Groupon should keep up the quiet act: Its stock closed at $5.19 today, which is nearly double $2.63, its lowest closing price, which happened on Nov. 13. The daily-deals company now has a market capitalization of about $3.4 billion. This is still far short of Google’s now-famous $6 billion offer for Groupon back in December 2010, but a marked improvement from recent times. This recent rise has been a boon for Tiger Global Management, which bought a 9.9 percent stake in Groupon back on Nov. 20. That stake is now worth $344 million, which is a $144 million profit in about 52 days. Groupon has scheduled its fourth-quarter and full-year 2012 earnings call for Wednesday, Feb. 27, at 5 p.m. EST. (The Next Web)
