6 ms·
A theory: Groupon leaked the memo so that it would be forced to pull the IPO, similar to Wired in 1996.
by ajcronk 15y ago
A theory: Groupon leaked the memo so that it would be forced to pull the IPO, similar to Wired in 1996.
- dpapathanasiou 15y agoAnd leave the G round investors, who put in $950 million in January (http://www.businesswire.com/news/home/20110110006746/en/CORRECTING-REPLACING-Groupon-Raises-Billion-Dollars http://www.businesswire.com/news/home/20110110006746/en/CORR...), holding the bag? It doesn't seem like something they'd do deliberately.
- ajcronk 15y agoYes, that makes it interesting. Which is better for previous investors: IPO bomb or another private market raise?
- dpapathanasiou 15y agoCan they go back and raise another private round? Who would buy in, with IPO off?