In his recent blog post, “From revenues to earnings: Operating, financing and capital expenses
,” Aswath Damodaran
(Stern School of Business, NYU) opines about the accounting issues in Groupon’s recent S-1 statement such as R&D and customer acquisition costs. “I do know that there are valuation questions that will come up with the IPO, but talking about them will lead me to repeat earlier points that I made about the Linkedin and Skype valuations: the value will depend upon revenue growth and potential operating margins.” The professor reminds readers to check out his paper, “Valuing Companies with Intangible Assets
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