Commentary on fraud, scams, scandals, and court cases.
 

Tag: groupon ipo

Auditing & Regulations, Public Companies

Groupon IPO: Investors Beware the Unaudited Financial Statements

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It’s crunch time for Groupon (GRPN). The roadshow for the company’s Initial Public Offering went live last week, and Groupon’s offering will happen this week. Demand for the shares is apparently through the roof. The company was hoping to sell 30 million shares at $16 to $18 each, but word is …

Auditing & Regulations, Public Companies

Groupon: Restated Numbers Reveal Failure of Business

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In July, critics attacked Groupon (GRPN) and it use of a made-up accounting measure management called Adjusted CSOI. I suggested that the company made up the measure to exclude many of the company’s expenses to make the company look more successful. There was more to the story, however, as the …