Groupon’s IPO: Overhyped and Overvalued?

On June 2, Groupon (GRPN) filed for an initial public offering that could potentially raise $750m. This enormous valuation is justified through its huge increases in revenue, user base and number of Groupons sold. However, on closer inspection it may seem that Groupon is playing a little smoke and mirrors. A toxic mix of net losses,...

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