Groupon has filed for an IPO and we'll probably see the initial offering later this summer or in early fall. Want to venture a prediction about the market cap that will be implied by the IPO price they set?
Well, let's see; they (he) turned down $6 bil already so they could do the IPO...
Things is, we've seen this movie; they ain't making a dime and are blowing through cash like it's the late 90's...which is when last we saw this movie...
The concept seems good. Have a fam member that participates and he laid out their sales pitch and how it works. I think the thing will fly.
So, let's call it...$56 trillion and he can pay off the entire national debt plus unfunded mandates and we can all go on two weeks vacation!