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Groupon's IPO Shares Now At End of 'Lock-up' Period

5:34 pm on Jun 1, 2012 (gmt 0)

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Groupon's IPO Shares Now At End of 'Lock-up' Period [chicagotribune.com]
Chicago-based Groupon Inc. went public in November. On Friday, insiders holding some 600 million shares of Groupon, representing 93 percent of total outstanding shares, will be allowed to sell their stock for the first time. The expiration date of this lock-up period was originally scheduled for May 2, but Groupon extended it through June 1 after the company restated its fourth-quarter and full-year earnings at the end of March.
9:09 pm on June 1, 2012 (gmt 0)

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Ditch them now.