I suspect everyone that is surprised about Groupon's IPO have actually never followed one before. The IPO price is completely arbitrary, it's chosen before the

I suspect everyone that is surprised about Groupon's IPO have actually never followed one before. The IPO price is completely arbitrary, it's chosen before the stock is on the open market. It's a guess, and falling below that price doesn't have that much meaning. I thought GRPN's initial price was too high anyway