We may be in a bubble, but you wouldn’t necessarily know it considering the latest generation of internet IPOs.
Groupon’s stock is trading below its first day closing price, Zynga’s stock closed below its issue price when it debuted last week and the market didn’t seem too excited about the spin-off of TripAdvisor from Expedia.
So what gives? If everyone knows that the internet is the real deal, why aren’t these new issues selling like hotcakes? Here are five reasons.