M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Friday, June 3, 2011

Groupon wha?

OK, so let me get this straight.  Last year, Groupon turned down a $6 billion acquistition offer from Google.  Now the company is planning an IPO that values the company at $30 billion. The company also lost more than $400 million last year.  And, insiders plan to sell up to $345 million worth of their own stock as part of the planned $750 million IPO. What do they know that we don't?

Did I miss something?  Are sock-puppets back in fashion again?  Aren't companies supposed to have profits before going public?  Didn't we resolve that question already?  Maybe this is why I did get rich during the dot com bubble.  None of it made any sense back then and it still doesn't the second time around.

Here's the Groupon S-1.  Have fun.

-bjmq

 

http://lawprofessors.typepad.com/mergers/2011/06/groupon-wha.html

Friday Culture, Insider Trading | Permalink

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