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

April 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 close to buying Groupon: reports

Related Stories

Google close to buying Groupon: reports

November 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.

Groupon raises $950 mln in new funding

January 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.

Discount service Groupon launches China site

February 28, 2011

(AP) -- U.S.-based website Groupon.com says it has launched a discount coupon site in China, hoping to capitalize on the world's most populous Internet market.

Startup serves up bargains to online shoppers

April 5, 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.

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Auto, aerospace industries warm to 3D printing

August 25, 2016

New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.