Groupon dodges the bullet – IPO a success?
For weeks now, all major finance portals have been full of articles on Groupon, how it has been losing out on market share to Living Social and other upcoming daily deals providers and how the investors are losing their sleep over the turn of events. The much awaited Groupon IPO was being delayed, and there were rumors that it may even be cancelled owing to the dismal performance by the daily deal pioneer. But amidst all speculations and negativities around Andrew Mason, the CEO of Groupon, he still managed to finally pull off the IPO that has been marked as the biggest the tech industry has ever seen since Google’s. So what does it mean for Groupon? And more importantly, what does it mean for the people who are buying in the stocks?
