The flash deals market is under pressure – share price of market leader Groupon dropped by 70% compared to the value at the time of its IPO.
Groupon priced its shares for its IPO debut today at a higher-than-expected $20 per share and at least one analyst urged investors to jump in based in part on the company’s evolving travel business.
Groupon finally published an internal email which rankled regulators, and in it CEO Andrew Mason says Groupon Getaways with Expedia “will do $10 million in its first calendar month.”
Groupon’s S-1 registration statement for its pending IPO is 138 pages long — and that’s before you get to the index of consolidated financial statements and exhibits, which could fill a few more boxes.
Google has introduced a beta of Google Offers and Groupon teamed with Expedia and is poised for an IPO, but in the face of this flash-sales frenzy, Travelzoo believes its own approach will be “very difficult to replicate.”