Cover your ears because we are going to hear a loud POP! - Anyone remember 2001 - I do, because it almost destroyed us all. Now I'm older and wiser, particularly regarding my investments. Groupon will not Pop the bubble, it is helping inflate it. But once Facebook has its IPO we could be in trouble again.
The global leader in "daily deals" is now valued at almost $13 billion after saying it increased the offering by 5 million shares to 35 million in total and pricing them at $20 each, above an initial range of $16 to $18.
Wall Street will scrutinize Groupon's Friday showing for clues as to how other highly anticipated dotcom IPOs -- from the likes of Facebook or Zynga -- may fare
Groupon "is a company with permission to market to 150 million consumers daily. No other company in the world has ever had that type of reach," said Boyan Josic, chief executive at DailyDealMedia, which tracks the industry.Read more at www.reuters.com
See this Amp at http://amplify.com/u/a1gx0t
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