Re:Let's stop laughing at Groupon
by notahacker on Monday January 26, 2015 @02:15PM
(#8948924)
Few of the people that called Groupon a pump and dump before it happened ever had much regard for the institutional[1] and retail investors they dumped the stock on.
Interestingly enough, one of the founders disagrees with all those listed "buy" ratings to the extent of selling >90% of his shareholding on the open market at well below their price targets at the back end of last week. http://sleekmoney.com/bradley-a-keywell-sells-500000-shares-...
[1]although some of the mutual fund investors the article sniggers at for rushing to buying secondary market shares in the private market probably made out before the post-IPO bubble burst too...
Edit: I stand corrected on the founder share sale, which appears to be part of a more orderly divestment than my source claimed.
Re:Let's stop laughing at Groupon
by adambratt on Monday January 26, 2015 @03:28PM
(#8949364)
He's been selling 500,000 shares every month since they've IPO'd. That link totally misquoted how much he has remaining. He has over 30 million shares still. I have no idea where the author pulled out that 40,000 share remark.
[1]although some of the mutual fund investors the article sniggers at for rushing to buying secondary market shares in the private market probably made out before the post-IPO bubble burst too...
Edit: I stand corrected on the founder share sale, which appears to be part of a more orderly divestment than my source claimed.