Groupon IPO Should Be Sizzling
Groupon is going public! The daily coupon service is the fastest growing company on the planet, and is going to come public during a boom for social-networking-like stocks. Everyone watched in amazement as LinkedIn (NYSE: LNKD) went parabolic on its first day of trading, hitting a high above $120 and we have already seen Chinese IPOs such as Youku.com (NASDAQ: YOKU) go bonkers when they hit the public markets.
Groupon is going to generate much more hype. The size of the deal is only going to be $750 million, which is a small percentage of the company's current valuation. This means that there is going to be limited supply versus what is expected to be very strong demand. Expect GRPN's IPO to be hot, hot, hot.
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