In my last post, I made an attempt to value Groupon and came up with $14.62/share, before the voting rightadjustment. Now that the offering is complete and the first day of trading isover, I thought it would be useful to take stock of general lessons that can bedrawn from this deal. The offering price was raised to $20/share and the stock jumped another 40% during the course of the day. So, here are a few questions that I am fielding today... 1.     Is it possible...

After a series of missteps, it looks like the Groupon valuation is ready to hit the market on Friday, with the final pricing to be done on Thursday. To bring you up to date on thisunfolding story, the initial talk during the summer was that the company wouldbe valued at $20 billion or more. In the months afterwards, loose talk from management of how customer acquisition costs were not operating expenses and what should be recorded asrevenues got in the way of the sales pitch. As management...