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Groupon Chairman: The Company Will Be Profitable.

2011/6/7 11:57:00 157

Founder Of Group Buying Network Operation

June 7th, according to foreign media reports, the United States

Groupon

Groupon submitted its listing application in June 2nd, the company.

Chairman

Eric Lefkofsky, Eric, said it expects the group that is still losing money to buy profitable business.


Leif koves Ki is also the co-founder and largest of Groupon.

Shareholder

He made the comments in June 3rd when he answered questions about his previously run or founded company.

The company he participated in and founded also includes Starbelly.com, InnerWorkinGS and Echo Global LogIStics.


"I'm going to stay in the tech world for a long time and will open a lot of companies," Leif koves Ki said. "These companies are not a set up, but a great business.

InnerWorkings is lucrative and Echo has been profitable.

Groupon will surely get huge profits. "


Group buying industry pioneer Groupon said last week that it would raise $750 million through IPO.

The company increased its sales last year, but since its inception in 2008, its operating loss has reached $540 million 200 thousand, and its cost growth is higher than its revenue growth.

The securities and Exchange Commission limited the company that submitted the IPO application to disclose its performance expectations before IPO.


Groupon's CEO Andrew Mason (Andrew Mason) banned company employees from commenting on the company in its June 2nd memorandum.

Andrew Mason said in the memorandum, "in the next 90 days or so, we will be in the Quiet period. We can not make any anticipated comments on the company.

Anything we say can have an impact on stock prices.

So don't say "Groupon is great" to anyone you don't trust.


Leif koves Ki founded InnerWorkings, a printing service company in 2001, and went public in 2006.

He helped set up Echo Globa Logistics, a logistics technology company in 2005, which conducted IPO in 2009.

Leif koves Ki also founded Starbelly.com, an online promotion retailer in 1999, and sold it to Ha-Lo IndustriES at a price of $240 million a year later, and Ha-Lo filed for bankruptcy protection in July 2001.

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