Will the underwriters scam Groupon (ala LinkedIn IPO) or will it be prevented this time?
Will you invest and try to cash out on day 1 or is the element of surprise already gone?
NEW YORK (Reuters) ? Groupon Inc, the online daily coupon site, has filed for an initial public offering, capitalizing on investor infatuation with social media companies that have yet to prove they are the real deal.
The company filed to raise up to $750 million in its IPO, an offering that has been widely speculated about for months and comes hard on the heels of a number of hot technology debuts.
Other Internet companies including LinkedIn Corp and China's Renren Inc have had strong IPO premieres in recent months, causing speculation that other companies would rush to follow.
A string of hot Internet companies including Facebook and Twitter have received multibillion-dollar valuations, raising questions about how these companies, albeit fast-growing, could justify the sky-high valuations.
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