MOD_BREADCRUMBS_HEREHomeTech newsGroupon Becomes It’s Own Discounted Deal

Groupon’s IPO is expected to culminate on November 4. The company currently owns 54% of daily deals market. Once hoped-for juggernaut around $25-30 billion valuation has fallen to $11.4 billion. Though the valuation made by the underwriters is early and questionable. Thanks to the some hilarious characters on what we have now is common stock for the discounted price of $16 a share.

This deal wasn’t made by Groupon itself, it has been made for satirical purposes only. There are a lot of those who will follow the landing page. So Groupon is going to loose money.

I would like to remember that the meetings with potential investors began yesterday. CEO Andrew Mason and financial director of the company are participating on the meetings. The company hopes to get $480-540 m.

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