Groupon's public valuation close to $20 bln: report

Apr 15, 2011
A sign marks the location of Groupon headquarters in Chicago, Illinois. The US coupon deals website will likely pick Goldman Sachs Group and Morgan Stanley to be principal underwriters for its public offering later in the year, valuing the company at up to $20 billion, according to the Wall Street Journal.

US coupon deals website Groupon will likely pick Goldman Sachs Group and Morgan Stanley to be principal underwriters for its public offering later in the year, valuing the company at up to $20 billion, the Wall Street Journal said.

Groupon may be planning to raise as much as $1 billion from its initial public offer, reported the Journal, citing people close to the matter.

The IPO is likely later in 2011, possibly in the third quarter, according to the financial daily.

Last month the New York Times reported that a possible could value the company at close to $25 billion.

Founded in 2008, the Chicago-based offers discounts to its members on retail goods and services, offering one localized deal a day.

The company announced in January it had raised $950 million in a month to invest in technology, fund its global expansion and compensate company employees and early investors.

The company said then that its subscriber base had grown to 50 million from just two million at the beginning of 2010.

Explore further: Google buys special effects technology firm Zync

add to favorites email to friend print save as pdf

Related Stories

Groupon raises $950 mln in new funding

Jan 10, 2011

Internet bargain coupon phenomenon Groupon said Monday it had raised $950 million in the past month to invest in technology, fund its global expansion and compensate company employees and early investors.

Startup serves up bargains to online shoppers

Apr 05, 2011

As startups rush to offer smartphone users coupons for discounts at nearby shops, Dealpulp.com is out to woo the bargain hunter inside online shoppers across the United States.

Google close to buying Groupon: reports

Nov 30, 2010

Internet search giant Google is close to a deal to buy online discount shopping site Groupon for as much as six billion dollars, The New York Times and a leading technology blog reported.

Recommended for you

Hackerspaces used to turn ideas turn into reality

17 hours ago

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

China Telecom profit rises as mobile data grows

18 hours ago

China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.

User comments : 0