Groupon raised US$700 million in its initial public offering (IPO) becoming the largest IPO by an Internet company since Google raised US$17 billion with its listing in 2004, according to an article published by Business Day.
Groupon is valued at US$13 billion and it issued 35 million shares at US$20 each. The company sells daily coupons for everything from spa treatments to teeth whitening services.
However, according to the Business Day report, some analysts have warned that while the company has been valued at US$13 billion the shares may prove volatile because of Groupon's ability to generate long-term profits and revenue growth using the coupon business model.
The company has permission to market to 150 million consumers around the world every day.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.