RetailMeNot’s 94% Margins Usher In Post-Facebook IPO Glee: Tech
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Since the flop of Facebook Inc.’s initial public offering last year, only two U.S. consumer Web companies have gone public: real estate site Trulia Inc. and travel search engine Kayak Software Corp.
Twitter Inc. remains on the sidelines with an estimated $9.8 billion valuation, more than 95 percent of companies in the Nasdaq Composite Index. Other startups, such as cloud-storage company Dropbox Inc., mobile-payment platform Square Inc. and room-sharing service Airbnb Inc., sport valuations of more than $1 billion. It may be up to an online coupon site from Austin, Texas, to get those companies off the bench.