Memo to SEC: Groupon Has No Competitive Advantage, Stop Its IPO
- Monday, June 6, 2011, 7:53
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Dear SEC Chair Schapiro: Should the market for Initial Public Offerings (IPO) give the public a shot at attractive investment returns? Or should it just give selected insiders a way to make quick, risk-free billions? I think the answer is maybe to both. But in the case of Groupon’s IPO, the answer will certainly be no to the first question and yes to the second.
http://blogs.forbes.com/petercohan/2011/06/06/memo-to-sec-groupon-has-no-competitive-advantage-stop-its-ipo/
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