Groupon trading halted
Its core business in the US is shrinking. And Groupon is already totally global--there aren't many new markets to roll out in. Could Groupon, say, double from here over the next 6 months and never trade below this level again? But that doesn't seem likely. So, enjoy the ride, Groupon shareholders! I'll be watching the next act from the sidelines. There have been hundreds if not thousands of articles written about the Groupon IPO many of which just re-iterate the same information , and why this particular deal would be bad for investors.
I know that they had to restate their financials to appease the SEC. I know they have had two COOs leave in the last year.
I know there are little to no barriers-to-entry and they face a lot of competition. And I know the company is not yet profitable. Trent ignores all the above red flags, then lists five reasons why the IPO will be a success.
Yes, Trent, you were so right, but Tebow is still a very poor NFL quarterback, and equating him to Groupon was a mistake. Reblog 0 Digg This. You can follow this conversation by subscribing to the comment feed for this post. Home Archives Profile Subscribe.
My Other Online Sites Facebook: Subscribe to this blog's feed. Blog powered by Typepad. A spokesman said, "Today's a significant step in Groupon's journey, but it's not the finish line. Growth Fund of America Inc. Morgan Stanley Investment Management.
Understanding the three distinct periods in which different SEC guidelines and restrictions apply may provide a practical framework for issuers in managing their social media use. If the communication consists of factual business information and is consistent with past practice, it generally will not violate gun-jumping restrictions. Before starting the IPO process or, with respect to certain employees who will not know about the IPO beforehand, immediately after the initial registration statement filing , companies should:.
Intent is not required for the SEC to determine that gun-jumping has occurred and, given the number of followers an issuer may have on social media platforms, it may not be difficult for the SEC to find a violation. Thus, the best advice is for issuers to operate within SEC guidelines throughout any process that ultimately may culminate in an IPO. Reprinted from the upcoming: Netflix monthly viewing exceeded 1 billion hours for the first time ever in June.
Keep going, Ted, we need even more! Hastings arguing that the information, in addition to having been already public, was not material. Prominent Gun-Jumping Examples While the following examples of gun-jumping did not involve corporate social media, they are instructive of the general risks and may point to areas in which future notable violations could occur through the use of interactive platforms.
In April , approximately one week before Google Inc. In doing so, Google and its lawyers proceeded with care: In June , Groupon, Inc. The email leaked and quickly went viral. Critics also expressed surprise that the SEC took its prominent stance on social media based on facts that, to some, seemed innocuous compared with violations alleged by the SEC in the past.
Brief Primer of the Gun-Jumping Rules  Understanding the three distinct periods in which different SEC guidelines and restrictions apply may provide a practical framework for issuers in managing their social media use.
During the waiting period after the registration statement is filed but before effectiveness , issuers may make oral offers, but written offers may only be made through a prospectus that complies with the Securities Act. A prominent example of an issuer navigating this requirement is Facebook, which waited until day 26 to respond to questions on its business model. A Practical Guide Before starting the IPO process or, with respect to certain employees who will not know about the IPO beforehand, immediately after the initial registration statement filing , companies should: Identify the group of specific individuals within the company who will be authorized to conduct or sign off on all social media communications.
Provide training to ensure persons subject to the social media policy understand how to comply.