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Thread: Groupon Due Diligence Thread

  1. #1
    Sirius Roadkill is offline
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    Groupon Due Diligence Thread

    Trying to start-up a due diligence thread for the Groupon IPO . . . any thoughtful submissions posted here would be much appreciated!

  2. #2
    Sirius Roadkill is offline
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    Basic primer to get started:

    "The company offers one "Groupon" ("group coupon") per day in each of the markets it serves. The Groupon works as an assurance contract using ThePoint's platform: if a certain number of people sign up for the offer, then the deal becomes available to all;[11] if the predetermined minimum is not met, no one gets the deal that day.[5] This reduces risk for retailers, who can treat the coupons as quantity discounts[5] as well as sales promotion tools. Groupon makes money by getting a cut of the deal from the retailers."

    http://en.wikipedia.org/wiki/Groupon

  3. #3
    Sirius Roadkill is offline
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    Here's the Groupon website link:

    $9 for One Adult Admission to the Museum of Sex (Up to $18 Value)

    http://www.groupon.com/new-york/?utm...hat+is+groupon

    I do know someone who would enjoy this deal!

  4. #4
    Sirius Roadkill is offline
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    WSJ
    JANUARY 15, 2011
    BY ANUPREETA DAS AND GINA CHON

    Investment bankers have been making proposals to online deals site Groupon Inc. about a proposed initial public offering for the past week through an informal "bake-off," people familiar with the matter said.

    Groupon, which turned down a $6 billion takeover offer from Google Inc. last year and said it would raise $950 million in funding, has been planning its public debut for later this year, these people said. An IPO is likely ...
    .

    Read more: http://online.wsj.com/article/SB1000...#ixzz1DxdVHP2l

  5. #5
    Sirius Roadkill is offline
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    REUTERS
    NEW YORK | Fri Jan 14, 2011 5:43pm EST

    "NEW YORK (Reuters) - Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company's initial public offering, Bloomberg reported on Friday.

    The report was attributed to a single unnamed source. Banks are currently pitching to underwrite a "meaningfully sized" Groupon IPO, a source previously told Reuters.

    Top bank executives sometimes attend so-called "bakeoff" meetings to pitch their banks' ability to underwrite significant IPOs -- but Blankfein is not known for doing so."

    http://www.reuters.com/article/2011/...70D7F220110114

  6. #6
    SiriusBuzz is offline
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    For those who don't know, the beauty of the system is that it targets zip codes so the deals are local. Groupon isn't doing a "deal a day" like some other websites, they are doing thousands of deals per day, targeted to local customers.

    The problem with the system is Google (because of its sales team and adwords) could essentially clone the service tomorrow if they wanted to.
    Charles LaRocca
    SiriusBuzz Founder

  7. #7
    SiriusBuzz is offline
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    Groupon raised another $16 million and filed it with the SEC http://sec.gov/Archives/edgar/data/1...rimary_doc.xml

    This is very strange considering they just finished a $950 million venture round. What the hell is another 16 mill?
    Charles LaRocca
    SiriusBuzz Founder

  8. #8
    Sirius Roadkill is offline
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    Groupon's CEO, Andrew Mason, attended Sun Valley last year, while company COO Rob Solomon just got back from last week's Arizona retreat.

    Groupon famously turned down a $6 billion offer from Google and is planning an upcoming IPO. The company, which organizes online coupons for the masses, values itself at $15 billion, according to reports.

    Read more: http://www.nypost.com/p/news/busines...#ixzz1GX9beKVj


    The print version of the report includes a graphic as follows:

    Groupon
    Valuation: $15 Billion
    Share Price: $40
    Revenue: $2 Billion
    P/E: 7.5X

  9. #9
    Sirius Roadkill is offline
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    ACQUISITION OF CITADEL PROVIDES “NECESSARY SCALE” FOR INVESTMENT
    Cumulus CEO Lew Dickey, speaking in a Q4 earnings call, said incorporating Citadel will give Cumulus “the necessary scale to invest in technology-based initiatives including ‘personalized’ and ‘interactive’ radio.”

    Dickey also revealed that Cumulus is working on some sort of Groupon-like service. Again, the incorporation of Citadel gives Cumulus “the critical mass to develop social commerce initiatives.”

  10. #10
    SiriusBuzz is offline
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    What do you mean? If you click "edit post" and then the "delete" checkbox what happens when you click the "delete post" button? It works for me.
    Charles LaRocca
    SiriusBuzz Founder

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