Web Sify
Follow us on
Sify.com » Topics » BC
BC News

Groupon stock tumbles as IPO lock-up period ends
Groupon's stock tumbled Friday as insiders sold their shares after a post-IPO prohibition was lifted.Employees and other insiders are required to wait before selling their stock following a company's initial public offering. Groupon's lock-up period expired on Friday. The company went public on Nov. 4.Shares of Groupon Inc. fell 95 cents, or 8.9 percent, to close at $9.69 Friday. Earlier, the stock