initial sale of its stock. On November 4, 2011 it raised $700 million, making it the largest initial public offering of a U.S internet company since 2004 (www.flatworld, 2013). The company declined a $6 billion takeover offer from Google in late 2010 (Geron, T., 2011). In April 2012, the SEC examined the company’s revision of its first set of financial results as a public company following two finance revisions before its November IPO. Following the SEC examination, Groupon shares plunged and accounting…
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