According to the Wall Street Journal, Groupon Inc. filed today to go public today.
Morgan Stanley, Goldman Sachs Group Inc. and Credit Suisse are the lead underwriters for the IPO
Groupon posted $644.7 million in revenue for the first quarter of 2011, up from $3.3 million in the second quarter of 2009 and $44.2 million in the first quarter of 2010. But it lost $146.5 million in the first quarter.
“People familiar with the matter have previously said it could seek to raise as much as close to $1 billion at a valuation of about $20 billion.”
The company plans to trade under the symbol “GRPN.”
Read more: http://online.wsj.com/article/SB10001424052702303745304576361631817311972.html#ixzz1O9CeaBFF
Should be an insane crazy pop on the first day. I have major issues with Groupon as a company and really feel it’s not a long-term winner. Too many clones. They should have taken the Google money.
http://mankabros.com/blogs/onmedea/2011/01/13/the-trouble-with-groupon/
My Groupon offer this morning – 51% off REO Speedwagon and Rick Springfield tickets. That should be indicative of their future success.
The most valuable mailing list of ‘impulsive eSpenders’ currently available in techland… but most of us remember eBay users in 1999, too.
I doubt Groupon ever goes away- as an online-to-off marketing device, they’ve hit on a pretty good thing- but I do question the durability of the ‘novel’ Groupon model, going forward. People burn out on stuff like that, but who knows. Maybe it’s stickier than it initially appears.
Either way, you can already hear the golden parachutes of ‘glorious exits’ flapping away at 600 West.
too early to have success
Like any websites–
The Internet will Destroy Civilization.
Save Money-Stop buying Junk Online.
Spend time with your Family.
Turn Off the TV and Internet-You are getting FAT
KISS-Keep it Simple Stupid!.
Save money!!!
Have a garden-Grow your own food
too early to have success
—
I’m sure Mr. 100per100.info knows all about what it takes to achieve large scale success in the eCommerce world, but their “success” isn’t even a debatable point.
They’ve succeeded.
What remains to be seen is whether shares will be offered at a price that’s attractive to people who want to bet on their anticipated growth and what shape that growth might take, if any.
Otherwise, it’s just another in a long line of highly polished eTurds that sell to people who’ve convinced themselves that reasonable valuation fundamentals don’t apply to anything that has “.com” in it… or, it will exist as a ‘trading vehicle’ and nothing more.
IPO just before Google officially launches its Daily Deal project.. was that wise thinking on Groupon’s part? well atleast they are trying.. I think!
“They’ve succeeded.”
just see what did Facebook, they’ve waited years to sell FB shares and now they sell very small slices of the company at prices comparable with the entire Groupon IPO
ls morgan you’re on a roll.
groupon is an email list.
nothing more and nothing less.
but it’s perhaps one of the best ones: general baragin hunters, sorted by location.
email lists are a proven winner for decades as a web business model. there is no web 1.0, 2.0 or 3.0. just get the user’s email address by any means possible. same strategy repeated, over and over.
when you get right down to it, “ecommerce” = spam (under many guises). call it ecommerce and you get one reaction. call it spam and you get another.
1. build list of addresses
2. commence relentless email campaign, day after day, month after month, year after year
does it work?
does junk mail work?
passing out flyers?
I’ll be buying this one at the opening bell and will hang on for a long, long time…love the business model.
MHB, this should help boost the value of some of the other “offer / deal” type sites down the road.
The stock will open up high(too late to buy)…head just a couple of points higher…then start falling and will keep falling!
Only the insiders will make the big bucks on this one…
Everyone else will be the suckers holding an over priced stock hoping one day it will come back up…only to find out it keeps falling slowly day by day
Then when you cant take it no more…you will end up selling for a loss…thousands of dollars lost
but on the bright side…you will save couple of dollars getting great groupon deals!
Groupon is a bubble waiting to burst…………think back to the 1990’s and where your money
will be in 2 years.
There is not much difference between Groupon and Valpak, just another recession fad
that will burn itself out. If they had any sense, they would have taken Googles offer.
Not worth a nickel this company is dying a fast death , Horrible customer service We called to offer a deal they said if we like it we will call ya back Never called missed a great deal No intrest
Choo Choo!
What’s that sound?
Why, it’s the Reality Express, chuggin’ on down the track!
(Click Linky)
I love groupon guys! Here I left a very good review for those who don’t know about the site:
http://www.killerstartups.com/eCommerce/groupon-com-the-collective-deal-of-the-day