Magazine article Information Today

The Season for IPOs

Magazine article Information Today

The Season for IPOs

Article excerpt

This has been a big year for technology firms debuting on the stock markets. Prominent internet companies such as LinkedIn and Pandora already went public earlier this year, both looking to raise capital to expand their businesses. There are also several other companies currently in the planning stages of an initial public offering (IPO) before the end of the year.

One of the next companies preparing to go public is Groupon, the daily-deals juggernaut that basically defines its market. The company filed the initial paperwork for an IPO over the summer, and it is looking to raise nearly $1 billion through stock sales. Although the company has some investors hoping to get in on another potential IPO boom, the company's financials paint a less rosy picture than other contemporaries that are planning on or that have already gone public, such as Zynga or LinkedIn.

Although an unprofitable technology company pursuing an IPO is not new (Pandora was not turning a profit when it went public earlier this year), Groupon is unusual for its mix of unprofitability and high valuation. …

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