The stock price of Groupon Inc (NASDAQ:GRPN) has dropped consecutively for three days this past week. Groupon opened at $20 per share and it closed yesterday at $16.96. So why is Groupon’s stock dropping?

Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:

Groupon has done it. They have become one of the fastest growing tech companies to go from launch to IPO. Groupon started as a company called ThePoint.com in November 2007. ThePoint.com raised $7.3 million in funding and then they decided to change focus to become Groupon in November 2008.

As Groupon is preparing to file for an initial public offering, the company priced their shares at $20 per share, which is several dollars above the expected price range of $16 to $18. Groupon is expected to raise about $700 million from the I.P.O., which will put them at a valuation of close to $13 billion.

Ted Leonsis is a former AOL executive that owns the NBA Washington Wizards. Leonsis is currently a Vice Chairman at Groupon Inc., but he is also an investor in competitor LivingSocial. Leonsis also has ties to LivingSocial’s board of directors. This could be a major conflict of interest.

Benzinga has raised $1.5 million from Lightbank, the investment fund started by Groupon founders Eric Lefkofsky and Brad Keywell. Benzinga is a financial media source company that delivers streaming news.

Groupon has launched in China under the name Gaopeng.com. The website will initially cover Beijing and Shanghai. Tencent Holdings and Yunfeng Capital are investors in Gaopeng. Yunfeng Capital is a private equity fund started by Alibaba.com Chairman Jack Ma. Some of Gaopeng.com’s competitors include Lashou.com and Meituan.com. [Bloomberg]

Daily deals website Groupon.com hit $760 million in 2010 revenues. This is a huge increase from their 2009 revenues of $33 million. More than one third of their sales came in from outside of the U.S. Groupon CEO Andrew Mason hopes to hit billions in 2011 revenues.