groupon email offering and i i don't want to save on a slice of pizza and brazilian waxing, but groupon ipo are 360 million share, but the bankers only offer 40 million shares and that sliver would exceed that demand would exceed supply. the company raised 700 million and the deals, and needless to say, they only made out like bandits if you sold, well, if you sold when the selling was good you made out terrifically and that was the first day of trading. how about the buyers and what's known in the after market, the price of the stock once it's it you willy started trading and if you bought at 28, you didn't have that much, can you? you could have made two bucks and after the groupon began a long, ugly slog down until the company saw fit to relief the errant ceo and if i become a statesman at the helm. it's been a buy ever since. what was the the right thing to do? follow steve miller's famous edict and take the money and run and even fly like an eagle and ring the register when it it opens and the brokers don't like to encourage what's known as flipping which is putting for a hot deal and

let's talk groupon, an amazing ipo? >> yeah, i didn't -- i'm not going to give it the bronx cheer, but that last quarter was quite disappointinging. i've got to see two quarters before i get behind it. i do thank you for your kind words. >>> let's go to lee in florida. >> hey, jim, thanks for taking my call. i have been following basic centering services, since you did a segment in june. really it's pulled back a little, and i'm just curious if you like the stock. >> oil is coming down, lee. that's because of the stronger dollar. i respect that. i let oil come in, maybe holds 93, 92, these stocks come down, watch schlumberger. there is a stock i would start buying here. how about don in california? don. >> caller: jim, boo-yah from california, original home of the fish taco and gateway to america's finest city. >> don, i've got to tell you when they did the san oy fiwise people are telling me not to get behind it. san ofee is doing such a good jon with rejenneren, but people smarter than me are saying, jim, don't believ

groupon and airbnb. they plan to close the ipo october 1, one week ahead of schedule. the plan is to list october 2.or more on the public debut, cory johnson is still with us as well as paul kedrosky. and aaron joins us via skype from frankfurt and covers rocket. what do you make of all the enthusiasm in the markets? mle.y, you have these twin german ipos going out right now. rocket internet is the start of the vehicle controlled by a pretty prominent figure here. they just moved up their first trading day five days to october 2. a big e-commerce retailer out here, very popular in europe for online fashion retailing where spun out of rocket some years ago. they started trading october 1. rocket has gotten a lot of criticism for copying companies whether it is amazon, ebay, foursquare. is that fair or do they have original ideas? >> oliver is the front man, the ceo of rocket. he just spoke for about two hours at a press conference here in frankfurt i was at just the day before yesterday and he's been at this for a long time. youngre well-educated tech savvy germans. a take ongo, they did to buy them

ipo. remember that one? may of '07? >> you want to go back to groupon? what do you want to do, play memory with me? >> i'll do whatever you want. >> why don't you do a mad dash with me. >> after the break, we'll count down to the opening bell and talk about what rihanna just tweeted to cbs. take a look at the premarket. che can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an

ipo is unlike anything investors have seen before. >> this is really, it's like 12 companies. it's -- you know, the ebay and amazon and paypals is pretty easy but it's a netflix a groupon have a money market fund business. buyers and sellers to just park their cash. they have $100 billion u.s. in their money market fund business. so it's almost like -- it's an ecosystem of its own. >> reporter: the numbers swirling around this ecosystem are huge. even by silicon valley standards. alibaba's profit for the second quarter jumped some 179% to $2 billion. revenue increased by 46%. double that of u.s. online retailer amazon. mobile user growth jumped tenfold and last year the company delivered 6 billion packages, more than global delivery giant u.p.s. those stats are enough to put even the most confident ceos on edge. >> who should be afraid of them, if anyone? who do they compare to? >> i don't know. a big kpelter to other countries trying to have their own e-commerce. i don't see alibaba bumping ebay or amazon out of their place in the united states, but as they try to become global in more and more markets, they'll fight alibaba, would go hard to get into those markets. m

groupon to airbnb. they could be the largest for germany this year. they will list on the frankfurt stock exchange on october 9. the american subsidiary of rbs raise $3 million in its ipoo shedallows them assets and boost capital. the stock will start exchanging -- trading on the exchange today. business -- the business confidence index was released today. let's talk to a strategist. today.xpected disappointing data on pmo. further -- more reasons to sell? >> we think so. now, when numeral see the weaker reading in the ifo as well as , the euro has been trading heavy and this will be another reason for it to do so. not just against the dollar but the t10 currencies. >> 120 seemed to be a key level. draghi would like to move the euro down to 120. >> where deftly headed to 120. we have 125 for the end of the year and 118 for the end of 2015. we think the euro is headed lower. is between 120-130. in fair value by some estimates, but we have some way to go given the weaker cyclical dynamics. >> you said in your notes that the tepid reception, the targeted loans, they are not doing much to support the euro. draghi doesn't want them to support the euro, does he? he doesn't w

groupon and grub hub. apartments.com. brain tree which sold for $800 million. field glass for a billion. we've had a lot of development. and underneath those, probably 30 companies that i'd describe as late-stage pre-ipo hundreds below those. venture capital has been a hard thing to come by in chicago. we're one of the few venture capital firms in there. but as a result of that, many of the companies getting developed are focused on profitability. they've got to get there faster than a typical silicon valley based company that can find a lot of venture capital. >> what's different though? what's changed to bring all of these companies here? >> so chicago's sort of a 15-year overnight success. it's been a creeping up upon us as you described. lots of development in the ecosystem of chicago. now you can find seed capital where you couldn't before. now you can find mentors and customers. you can find, you know, the help that you need to get going. we've got 1871 for the pure start-up. the couple of guys, two dogs in a garage. don't have to be in a garage anymore. you can do it with others in there. and now chicago venture summit where we're bringing all of the venture capitalists from around the country