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: Microsoft's expanding cloud platform shines brightly

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

Out-of-patience investors sell off Amazon

2 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

9 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

11 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

11 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0