Faculty News | Reuters | 11
Groupon IPO dented by market, new numbers
Re: Benjamin G. Edelman
"I don't think market conditions are grounds for delaying the IPO," said Ben Edelman, an associate professor at Harvard Business School who has been critical of Groupon. "But Groupon's deteriorating business may be a reason to delay. "Revenue per subscriber and revenue per merchant are declining in North America. People seem to be getting sick of it and that may reduce investors' interest in buying stock in the company."