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Analyst Reveals Real Reason Groupon Is Going Public

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To make you look stupid.

"There is no rational math that could possibly get anyone to the valuation Groupon thinks it deserves," analyst Sucharita Mulpuru of Forrester Research wrote in an open letter to potential investors. "This IPO game isn't about finding value, it's about finding a greater fool who actually believes the valuation is true. Trust me, you will be the fool."

[Reuters via Heidi Moore]

Related: Groupon “Not A Sham Company,” Has Plans To Be “Wildly Profitable,” Says Chairman