Groupon (GRPN) officially hits the NASDAQ screen, quoted at $20.00, valuing the company at $12.65B. This is the largest IPO since Google.
BI's cheat sheet on the Groupon (GRPN) IPO declares the controversial daily deals giant "a real business" that "will likely be nicely profitable" long-term, but also calls its valuation "very expensive," and raises concerns about decelerating growth and possible corporate governance issues.
Friday, November 4, 2011
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