That fact, among other interesting tidbits, is revealed by research conducted by SigFig, which tracks more than $20 billion in customer investments across more than 65 different brokerages.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":353200,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"entrepreneur,","session":"B"}']SigFig assembled the infographic below, showing Groupon’s timeline to IPO as well as data about what happened to its stock after it started trading. For instance:
- The offering price was $20, but you couldn’t get it that cheaply unless you were on the inside (just look how tiny the $20 slice is on the pie chart below showing purchase prices).
- The stock opened at $28 and the average purchase price on IPO day was $28.17. (GRPN is trading a bit above $24 today.)
- Despite the large number of people buying and then selling on the same day, nobody really struck it rich. The average same-day return was -3.3 percent.
- Pandora day traders did even worse on that company’s IPO day. The average return for same-day flippers was -8.52 percent.
- On the other hand, if you were lucky enough to buy and flip LinkedIn stock on its initial day, you probably did better: The average return for that stock was 7.1 percent.
Did you buy Groupon stock? Let us know in the comments how the investment is faring for you now.
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