Here's How Traders Did Flipping Groupon, LinkedIn, And Pandora Stock On IPO Day

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Wednesday, November 16, 2011 Here's How Traders Did Flipping Groupon, LinkedIn, And Pandora Stock On IPO Day IPOs are rigged. They're set up so that the banks who underwrite them can get their best clients in before the stock inevitably pops. This reality does not, however, keep traders from trying to take advantage of that pop. It doesn't always work out. For example, according to SigFig, most people who bought and then sold Groupon stock during its IPO lost money.  Just more than 1.16% of them got a 10% return. Traders who played the IPO game with LinkedIn were more likely to be winners. Only ~5% of them lost money. A tiny slice of them – 0.76% – actually doubled their investment. SigFig made a cool chart to illustrate all this: Read » Also On SAI Today: This Is SOPA, The Crazy Bill Everyone In Tech Is Worried About This Congressman Wants To Destroy The Internet As We Know It Inside The Cool New Manhattan Office Of Soon-To-IPO Yelp How Google's Money-Making Machine, AdWords, Actually Works Advertisement CHART OF THE DAY: Android Is Totally Blowing Away The Competition CHART OF THE DAY: Developers Are Excited About The Kindle Fire CHART OF THE DAY: How Sony Actually Makes Money Is Very Surprising Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the SAI RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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