Daily-deals provider Groupon was supposed to be the star of this year's IPOs. But over the last several months, the chances of Groupon becoming a disappointment to investors have skyrocketed.
When Groupon filed its IPO papers in June, the excitement surrounding its decision was palpable. According to its filing, Groupon was planning to raise $750 million on its IPO, making it one of the largest public offerings this year. And although Groupon didn't comment on valuation, reports surfaced following its IPO filing, saying it could be valued at between $20 billion and $25 billion when it went public.… Read more