Quote:
Originally Posted by 4444
i'd imagine it'll open in the $30-35 range, stupid money - like linkedin, i can't buy into that crap when you have a monster like the goog available (and earning $$$$$$$$$)
i should also say, i fear for groupon, i think they're getting margin squeezed BIG TIME and its not like they've patented the idea... first in market, yes, but that will mean little, long term
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I think the stupid money is only a minority, most of the money that'll be in Groupon tomorrow, like any IPO will be day traders/people looking to game the IPO hence the typical huge jumps. JMHO
Ya it'll move big either direction given that the float will be very low.
Their idea not being proprietary/patentable won't be their only problem, their accounting issues will be a big one as well.