Not a great bargain
“Here's an unsettling fact for anyone thinking of buying shares in a newly public company: Even if its executives know their internal accounting systems are a wreck, they aren't required to disclose this until after the company goes public.
It's a lesson Groupon shareholders have learned the hard way. Groupon shares fell 17 percent April 2 after the online coupon company said it had identified a "material weakness" in its internal controls over financial reporting, as of Dec. 31.”
Groupon shareholders learn hard lesson after IPO | Business & Technology | The Seattle Times
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