Groupon has reduced the size of its IPO, the company disclosed today in its latest regulatory filing, and it might be a good thing, based on peHUB readers’ response to our Question of the Week: Nearly two thirds of you said this stock is going to be a stinker.
Another three in 10 thought a $10 billion valuation was overdoing it, although the company might have a future. Only 6.1% bought into the $10 billion figure.
If the stock prices at $17, the midpoint of its range, the company would be valued at $10.8 million when the shares hit the Nasdaq next Friday.
One well-known cult leader predicts a first day spike but “lackluster long term” outlook.
By this time next week, we’ll begin to learn the truth.
Steve Bills is a senior editor at Buyouts Magazine. Any opinions expressed here are entirely his own. Follow him on Twitter @Steve_Bills. Follow Buyouts tweets @Buyouts. For information on how to subscribe, contact Greg Winterton at firstname.lastname@example.org.