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Problem:

Groupon (GRPN) went public at $20 a share and closed the first day at $26.11. Zynga (ZNGA) went public at $10 a share but closed the first day at $9.50. Facebook (FB) went public in 2012 at $38. While the price did initially pop to $42, the stock was trading below $28 within two weeks for a 26.3 percent decline from the IPO offer price.

Required:

Question 1: What subsequently happened to the prices of Groupon, Zynga, and Facebook one month, six months, one year, and two years after their IPOs?

Question 2: In May 2006, Vonage (VG) went public at $17 and six years later the price of the stock remained below $17. What is the current price of Vonage?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147981

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