Groupon IPO? Who's in?
Groupon is apparently planning an IPO later this year, possibly in the fall. This after turning down a bid from Google for over $6 billion! It's reported they could raise $1 billion off the IPO, but there is concern over the relative lack of competition that Groupon has right now. I'm thinking I might hold off on this one to see if that competition does start to increase. How about you?
The big Wall Street banks and their wealthy & connected clients are guaranteed to make bank off of the IPO. The people who buy right after it is issued for public investment have a good chance of making some money, but they will have to take some risk.
Not sure about the long-term though. I think what you mentioned about Groupon eventually facing new and ever increasing competion in the future is probably right on the mark. Anybody with a little bit of money to promote and market can set up a clone website that does the same thing as Groupon.
by Person of Interest 7 years ago
...for over 3 Billion $$.
by myownworld 8 years ago
I mean, is ANY good coming out of them? Mostly it's one person insulting the other's point of view...in fact, as of today, I've vowed to myself never to go near one!
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