iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

Playing the Groupon iPO

Most of you will not be offered an allocation in Groupon because you keep accounts at Zeeco and are literally nobody on Wall Street. However, there is a conduit to get in on all of these hot privately held names, even before the ipo fuckers get an allocation. The solution to your piker problems lies in the shares of GSVC.

Per GSVC’s 10q:

GSV Capital’s current portfolio provides exposure to investments in venture capital backed private companies including Bloom Energy Corporation, Chegg, Inc., Facebook, Inc., Gilt Groupe, Inc., Groupon, Inc., Kno, Inc., Serious Energy, Inc., SharesPost, Inc., Silver Spring Networks, Inc., TrueCar, Inc., Twitter, Inc., ZoomSystems and Zynga, Inc.

Since then, the company raised another $30 million and is in a position of strength to make additional investments. My best hunch, they take a piece of Yelp next.

Bottom line: the stock price of GSVC trades like shit, with low volume and little momentum. However, if the ipo market opens up to the likes of Facebook, Twitter, Zynga and Gilt, that is going to change quickly.

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41 comments

  1. KIng KOng

    LONG GSVC from yesterday ! gr8 find FLY

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  2. Yabollox

    U R right!

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  3. TraderCaddy

    GSVC = CMGI (of the ’90s)?

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    • The Fly

      No. CMGI did angel investing, which is risky. GSVC serves as a bridge between late stage, established, privately held companies to ipo.

      Their investment have less upside because they have less risk, since they are mature companies.

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  4. Po Pimp

    On a more important note, we need someone to hack the CCTV system at the Mandalay Bay:

    Vegas Trader II says:
    October 17, 2011 at 11:37 pm

    Lol. I said I would chop my balls off and throw them on the craps table at Mandalay Bay, if the S and P cracked 1235. I’m looking good, I might even shave them this weekend..

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  5. J Livermore

    So much for going “The Fuck Down”. Scott Bleier must be pulling the remaining hair out of his head. LOL

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  6. 1% Wannabe

    With all due respect to Sir Fly, how is it that you are so enamored with a stock that barely trades over 100k shares a day? Seems you would look for greater liquidity (no homo).

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  7. Matt Davidson

    I am now in with 600 fresh shares. I also know that I might bleed from my eyes and have eternal Montezuma due to this purchase. I remember buying some fresh ICGE back in the day and rode it for 30%, before it went to the moon…

    Not this time. It’s time to engage the Merkel put strategy.

    Imitation is the sincerest form of fartery.

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  8. TraderCaddy

    This should be good.
    CAIR of NY going to Zucatti Park.
    I wonder if there will be a Zionist Jews run America sign contest.

    http://www.theblaze.com/stories/cair-joins-occupy-wall-street-will-hold-friday-prayers-in-zuccotti-park/

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  9. Dorkler

    Hey you Putzes, you ran up that shit! Good for you, not for me, not in yet. I’ll wait and see.

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  10. logicalthought

    At what valuation did GSVC invest its money into this company? Without knowing that relative to the IPO valuation, how can you know whether it will make or lose money here?

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    • Jakegint

      Third stage. Pay attention.

      ______

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      • logicalthought

        Jake,

        Maybe you’re the one who should “pay attention.” If you read the filings (I just did) it says than in August 2011 GSCV spent $2,035,200 buying 40,000 shares in the secondary market, which means they paid $50.88/share. Prior to the IPO those shares will be split two-for one, which means that on a post-IPO basis they paid $25.44 a share. Have you read the S-1 for the IPO? You know, the one that says they plan to sell freshly minted shares @ $18 each?

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  11. ok y not

    F.Y.I Senor Fly,

    THe Free Bernie Madoff rally begins at 6:00am
    at Battery Park. We plan to take over the Park and camp out,until the fat cats release Bernie

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  12. BigMike

    Greece is blowing up according to Bloomberg, hence 200+ rally.

    I am honestly thinking of switching my thesis towards short-term bullish because of seasonality. Sentiment is way too bullish, and technically we have broken upwards. It might be until 2012 we before shit hits the fan.

    I thought yesterday news about having a second meeting was super bearish…yet market rallied. Cant bring this market down, cant fight the trend.

    Have a great weekend all…beautiful weather here in Central Florida… 65 degrees, super sunny, no humidity. Going golfing.

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  13. Yabollox

    Concern in Portland with the occupy crowd having children living down there. A nine year old went missing yesterday for several hours, until found on a streetcorner with a protester. Children not going to school, the parents saying they are homeschooled. Some teachers have volunteered to teach after hours.

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  14. A Dude

    I suppose Europe’s blowing up, but here in Frankfurt, Germany, “nobody seems to notice, nobody seems to care.” All the restaurants in my hood (Nordend, Bornheim) are always packed, no matter what eve of the week it is. Crisis? Please . . . here there’s lots o’ dough and the stupidity behind it is even greater. Sit on my balcony for a bit and all your dream cars will have passed by within a couple of hours.

    Outside of Deutsche today I think I saw The Fly driving his ASSMANN Catering truck. “Fine Food & SERVICE.”

    As for Groupon, I’ve never used it and probably never will, though it could work to make a bit of change, I suppose, ’cause if you don’t trust government, then stocks are going to keep climbing.

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  15. Jakegint

    Groupon is a quivering bowl of shit.

    I sure hope that’s not what my GSVC dough is riding on.

    ________

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