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Groupon Shares PLUMMET

Many retailers are enjoying a Thanksgiving shopping spree lift from investors, but not Groupon. Its shares closed today down nine percent, settling at $15.24 after bouncing off a new low of $14.85. That’s less than half the $31.14 that some investors paid at the stock’s high point, just after it went public in early November. More recently, it has been trading in the low to mid-$20s.

 

IPO view: Groupon travels "tortured" road to Nasdaq

When Groupon Inc filed its plan to go public with U.S. regulators in June, Chief Executive Andrew Mason proclaimed in a letter to prospective shareholders that "life is too short to be a boring company."

 

Groupon raises $700M with IPO at $20 per share

Groupon raises $700M with IPO at $20 per share

Groupon, the company that pioneered online group discounts, saw its stock climb by nearly a third in its public debut Friday, showing strong demand for an Internet company whose business model is considered unsustainable by some analysts. Groupon's stock jumped $6.40, or 32 percent, to $26.40 in late morning Friday after trading began at about 10:45 a.m. Earlier, the stock was trading as high as $31.14. Big fluctuations are common for companies that have just gone public as investors gauge what to do with the stock. The stock is trading on the Nasdaq Stock Market under the ticker symbol "GRPN."

Senh: I guess investors aren't heeding the advice of analysts who thinks the business model isn't sustainable. I just hope they and other recent internet ipos don't fail and start another bubble.

 

Exclusive: Groupon IPO may price above range

Exclusive: Groupon IPO may price above range

Groupon Inc is poised to price its IPO $1 to $2 above its current range, responding to stronger than anticipated demand for the biggest U.S. initial public offering in months, three buyside sources said.

 

Groupon mulls raising IPO price

Groupon Inc is considering raising its IPO price range, as underwriters grow more confident about demand after completing the East Coast leg of a two-week roadshow to woo investors.

 

Google makes big changes to daily deals business

Google Inc unveiled big changes to its fledgling daily deals business on Thursday in the midst of rival Groupon Inc's IPO roadshow.

Senh: I wonder if this will be another failed attempt at something other search engine. Facebook Deals didn't go anywhere, and if anything, I thought the social network would have a better chance at taking a piece of Groupon's pie.

 

Groupon expects $478.8M in proceeds from IPO

Groupon expects $478.8M in proceeds from IPO

Online coupon seller Groupon Inc. is discounting its expectations for its first stock offering. The company, which offers consumers daily deals targeted to their city and preferences, now expects net proceeds of about $478.8 million from its initial public offering of 30 million shares.

Senh: It's still losing money, but just not as much. $10.6M in the last quarter on revenue of $430M is a huge improvement over losing $49M on revenue of just $81M. At least revenue is growing fast and net loss is heading in the other direction. The thing is can they keep this up and still grow. They're not spending as much on marketing and customer acquisition.

 

SEC Cuts Off Some Aggressive Accounting At Groupon

SEC Cuts Off Some Aggressive Accounting At Groupon

I wrote here at Forbes in May about the dangerous trend of unaudited numbers being used by companies, media, and investors to evaluate the potential of these IPOs... As long as they get their return before the gig is up, who cares what the real story is?

 

Groupon IPO on hold as SEC questions remain

Groupon is going to wait at least a couple of weeks before launching the final phase of its initial public offering because regulators still have questions for the daily deals website and the stock market is too volatile, a person familiar with the situation said on Tuesday.

 

It's Getting Harder to Buy Groupon's Growth Story

It's Getting Harder to Buy Groupon's Growth Story

... Groupon, far from representing some kind of new paradigm, is a phenomenon we’ve all seen many times before: a money-gushing dot-com that’s gambling it can make it across the IPO finish line by keeping the conversation focused on revenues (growing) rather than P&L (worsening).

 

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