Groupon (GRPN) plans to offer 30M shares at about $17/share, bringing in $479M. With a total 633M shares outstanding, the IPO would give Groupon a valuation of $10.76B. Valuation estimates have ranged from $25B early this year to as low as $3-5B earlier this month.
When this comes out, it will surely be a hot one, however, once the dust settles, it will be one of the great shorts of all-time.
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