Groupon IPO Shares Pop 40% On First Trade, Debuts At $28 With A $17.8B Market Cap
Wait wait wait!!! But but but!! Ponzi scheme! Should have sold to Google!
Yeah.
Groupon just went public with a market cap now 3x what Google was offering them. We’ll see if the good times last — now that they’re public, they’re going to have to show real growth in the numbers — but it’s pretty clear that either way, Groupon did the right thing in not taking that deal.
Good for them.
Thank heaven that’s over. Can we talk about something else now, please?
