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Groupon Shares Plunge for Second Day, Approaching IPO Price

Groupon Inc., the largest Internet daily-deal site, plunged 15 percent, pushing the shares near their initial public offering price for the first time.

The stock tumbled $3.51 to $20.07 at the close in New York, with 5.22 million shares changing hands, the highest volume since its second day of trading. Groupon, up 31 percent before this week, dipped as low as $20.03 earlier in today’s session, 3 cents more than the IPO price.