Quote:
Originally Posted by DateDoc
The man who could make more than $4 billion from the initial public offering of Groupon Inc. is an 41-year-old, unassuming Midwesterner who got his start selling carpets on the street.
Eric Lefkofsky, who seeded Groupon with its first $1 million in 2008, shot to business fame this week when the e-commerce company filed for one of the most hotly-anticipated IPOs of the year. Mr. Lefkofsky was listed as Groupon's largest shareholder, with 21% of the shares--three times as much as Andrew Mason, the CEO and public face of the company.
If Groupon, which offers daily deals on goods and services to consumers in partnership with local merchants, is valued at the expected $20 billion or more, Mr. Lefkofsky's $1 million investment will be worth about $4 billion.
http://finance.yahoo.com/career-work...on-coupons-wsj |
Once one reads enough books on investing, one learns that these are exactly the types of stocks to avoid. I wouldn't touch that Groupon IPO with a ten foot pole. Simple intuition tells me, the company is not worth 20 billion dollars.