Quote:
Originally Posted by PornMD
That reminded me to look - Groupon had turned down $6 billion from Google and I don't think I saw anyone say that was smart. Now their market cap is $13.71 billion. Go figure.
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While owners cashed only 600 milions or something like this during IPO. The trick for big market cap is to sold only few percent (10-20) from your company during IPO, so every "joe 6 pack" fund manager is going to chase it and drive market cap significantly higher.
Facebook learned this lesson from other social media IPOs.