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Groupon Inc.

Groupon, once a high-flier, lives down to investors' expectations

Groupon, once a high-flier, lives down to investors' expectations

Nothing is more instructive -- and fun! -- than going back in time to a high-flying start-up's initial public offering and comparing the expectations then with the realities today.

Say hello to Groupon, which was a quintessential high-tech consumer play on the day of its IPO, exactly four years ago Wednesday. That day, Groupon's shares soared 31% above their opening price. The IPO raised $700 million for the Chicago-based company, and ranked as the second-largest tech IPO in history, behind only Google's $1.7-billion offering in 2004. Groupon was valued at $16 billion, more than such...

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