Shares of discount aggregator Groupon today in New York trading broke after the investment Fund Tiger Global Management announcement about its share Groupon sale. Paper holdings of the coupon agent broke 4,5% up to $9,78, and from the moment of IPO Groupon in November 2011 the Company lost more than a half of its capitalization.
As it became known today, the Tiger has sold 72% of Groupon shares, and cut share up to 18 million of stocks. These data comes from announced yesterday report of Groupon. Earlier, being a large shareholder of Groupon, the representatives of the Fund announced that they see “a very limited growth potential” in the Internet companies. Thus, at the moment the Tiger from one of the largest shareholder of the Company appeared to become the ninth shareholder with the share of 2,7%, but initially the Fund owned more than 10% and its share has been estimated more than $316M.