Groupon Going Public

Groupon Files for IPO

20110602-040251.jpg

Groupon, the online discount scalper is headed to Wall St. The SEC announced today that the internet coupon company is going to IPO under the symbol GRPN. Groupon reeled in $644B in the first quarter of this year. That’s incredible for a company that opened up only three years ago in 2008.

This company is a sure winner. The coupon sites have been around for a while, but Groupon has managed to captivate the youth by integrating their product with social networking sites like Facebook, who’s also in line to IPO soon.

Google tried to buyout Groupon awhile ago, but got denied. There are obviously some really smart people in the financial department of this company. They see big potential, Google sees it, Wall St. sees it, and so do investors like me.

Advertisements

About Erick's Brain

The mind of a black man trapped in a cynical world. View all posts by Erick's Brain

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: