![]() “But I don’t think it’s so good for investors.”īooks are expected to close on Thursday for Groupon’s IPO, which has an indicative price range that values the company at $10.1 billion to $11.3 billion. “This is a good thing for the employees - they get liquidity and have been able to sell into a frenzied market and get more money,” Belinsky said. He said he would advise his clients to be careful investing in the secondary market. “They’re certainly going to be a lot more cautious,” said Vladimir Belinsky, president of Hermitage Advisors, which invests in hedge funds and venture capital for wealthy people. Others argue that such losses are a sign of the market maturing and sophisticated investors should know prices do not always rise. ![]() Venture capitalists say some participants of the so-called secondary market could pull back if they suffer huge losses in Groupon. The daily deals website is the first major company set to price its initial public offering at a valuation far below what it fetched in private exchanges, raising the question of whether Groupon could take the wind out of private markets like SecondMarket and SharesPost. SAN FRANCISCO (Reuters) - Groupon Inc’s IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public.
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