[clofresh]

Why would you prepare for an IPO so quickly after closing a $950 million funding round? Is their burn rate that high?

[swombat]

They didn't raise $950m to extend their runway. No one raises this sort of money for that. They're already highly profitable. They raised that money to hire a metric ton of salespeople to expand the business even faster.

[sage_joch]

"metric ton of salespeople"

So about 12 salespeople? ;)

[jnovek]

Not to mention buy out every Groupon clone in a market that they're not already in.

[swombat]

Surely that would fall foul of antitrust laws...

[qq66]

Because your stock is overvalued and you want to sell as much as you can in both private and public markets?

[clofresh]

Yeah, that was my hunch as well. Shit's gonna hit the fan once retail investors start biting on overvalued companies...