Put it down to market conditions, given that the same company offered investors the same security with the only difference being the two deals were separated by a gap of 14 months.
As a result, a fixed rate reset preferred share financing done by Manulife Financial in August 2014 was a much easier sell than a similar offering completed in June 2013.
ByFusion Research:Groupon (GRPN) is expanding its scope in the online deal market with entry into the online coupon. It launched the Freebies category, which includes digital coupons, promotion codes, sales, and samples, all valid for a fixed period of time.
By Rocky Agrawal:Groupon (GRPN) was forced to restate fourth quarter earnings, sending its stock down 6% in after-hours trading. This surprised me as much as my $2 investment in the Mega Millions jackpot not paying off.
Kid Dynamite submits:
The headline Friday night was "Groupon Said To Reject Google's Offer." Wowza. First, a little background for the uninformed: Groupon is a localized online coupon site. They solicit retailers in various metropolitan cities, inducing them to offer deals which Groupon markets to their audience of eager bargain hunters.
Facebook and Pinterest don't own the social commerce space. Other players, from daily deals site Groupon to Chinese e-commerce giant Alibaba, have also tried to leverage social ingredients to boost retail sales, drive user engagement, and build brand loyalty.