FARK.com: (6704309) Groupon IPO to open at $20 a share. Check your daily email for details

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		Groupon IPO to open at $20 a share. Check your daily email for details (chicagotribune.com)		22
		More: Followup, Groupon Inc., IPO

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351 clicks; posted to Business » on 04 Nov 2011 at 9:19 AM | Favorite | share:

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22 Comments (+0 »)

Cheron

2011-11-04 09:27:35 AM

Google deals has 3 shares for $45.

BizarreMan

2011-11-04 09:28:34 AM

Only an idiot would actually buy that pig.

Another Government Employee

2011-11-04 09:33:42 AM

Would you buy a ticket on a plane that is on fire?

poot_rootbeer

2011-11-04 09:43:11 AM

Good luck with that. Investors have been treating your brand as toxic since Google walked away from a deal, and consumers are distracted by a dozen other deal-a-day sites just like yours.

CalvinMorallis

2011-11-04 09:46:34 AM

poot_rootbeer: Good luck with that. Investors have been treating your brand as toxic since Google walked away from a deal, and consumers are distracted by a dozen other deal-a-day sites just like yours.

That's what I don't understand. Yeah, in the beginning, Groupon seemed pretty cool. But then a bunch of local companies started offering a same--arguably better--service, and I didn't have to sign up for anything or wait for them to actually start offering deals in my area. Whomever's in charge of that company should dump their shares on Monday, because there's no way that multi-billion dollar value assessment can last.

Hector Remarkable

2011-11-04 09:47:54 AM

Will be at 6.00 inside of six months and will never go higher.

dumbobruni

2011-11-04 09:49:56 AM

poot_rootbeer: Good luck with that. Investors have been treating your brand as toxic since Google walked away from a deal, and consumers are distracted by a dozen other deal-a-day sites just like yours.

and now google has its own service with nation-wide deals, and has allied itself with groupon's local competitors.

lohphat

2011-11-04 09:57:33 AM

IPOs are about the underwriter making bank and abandoning the corpse, not about bolstering capital.

It's a vehice for the already wealthy to profit while those who actually worked hard with sweat equity for stock options are locked out for 6 months. By the time the blackout period is lifted the sharks have already stripped most of the upside off the price and the workers are left with sawdust.

"It's a club and you ain't in it."

Farkn Yaj Yenrac

2011-11-04 10:02:44 AM

It is an overwhelming sign of just how farked up our economy is that a company that doesn't really make anything (including profits) is supposed to be valued at almost 13 billion dollars.

Nexzus

2011-11-04 10:04:04 AM

Yeah, about the only thing Groupon has going for it is the name association. Pretty much any social networking coupon is coloquially called a groupon, no matter if it's from Living Social, Teambuy, etc.

/Probably pisses those companies off.

Debeo Summa Credo

2011-11-04 10:40:35 AM

CalvinMorallis: poot_rootbeer: Good luck with that. Investors have been treating your brand as toxic since Google walked away from a deal, and consumers are distracted by a dozen other deal-a-day sites just like yours.

That's what I don't understand. Yeah, in the beginning, Groupon seemed pretty cool. But then a bunch of local companies started offering a same--arguably better--service, and I didn't have to sign up for anything or wait for them to actually start offering deals in my area. Whomever's in charge of that company should dump their shares on Monday, because there's no way that multi-billion dollar value assessment can last.

Well, they've clearly got demand at $20 per share, so investors are apparently treating it okay.

I don't understand how anybody could think this POS company to be worth $13b. It just boggles the mind and screams "SHORT ME".

dosboot

2011-11-04 10:41:15 AM

BizarreMan: Only an idiot would actually buy that pig.

Short this sucker. Retire early
/not investment advice
/not any advice
/just sayin

KarmicDisaster

2011-11-04 10:43:14 AM

It is going to be at three bucks in a week, then down to delisting. They have no scalable plan to make any money. IMHO.

BizarreMan

2011-11-04 10:53:24 AM

dosboot:
Short this sucker. Retire early
/not investment advice
/not any advice
/just sayin

If I had the money and the balls I would. Unfortunately I can see it going up for the first day or so as the idiots buy in on the internet hype and don't want to get caught.

BalugaJoe

2011-11-04 11:41:26 AM

BizarreMan: Only an idiot would actually buy that pig.

I agree with this sentiment.

Also... I just bought $5 of Fark for $2.50.

The Bestest

2011-11-04 11:53:26 AM

..and GRPN opened at $28

HOW?!

BizarreMan

2011-11-04 12:02:47 PM

And at one time it made it up to $31.

Barnum was right.

Supes

2011-11-04 12:12:43 PM

It's ridiculous. Groupon's most valuable asset (by far) is their list of e-mail addresses. There are NO barriers to entry to for type of product. Yet somehow they're currently being valued at more than numerous well establish B&M stores.

If I had any clue of the timing, I'd totally short these..... problem is I fully expect if I tried I'd be thoroughly screwed over somehow.

kingflower

2011-11-04 12:29:53 PM

lohphat: IPOs are about the underwriter making bank and abandoning the corpse, not about bolstering capital.

It's a vehice for the already wealthy to profit while those who actually worked hard with sweat equity for stock options are locked out for 6 months. By the time the blackout period is lifted the sharks have already stripped most of the upside off the price and the workers are left with sawdust.

"It's a club and you ain't in it."

100% accurate.

SDRR

2011-11-04 12:48:50 PM