January 14, 2011
Groupon is moving closer to an initial public offering, perhaps as soon as this spring.
The offering is generating a lot of excitement, particularly on Wall Street. The New York Times is reporting that Groupon’s IPO would “be among the most anticipated since Google’s in 2004”and would “represent the highest valuation of the company to date.”
The group-buying site raised nearly $1 billion from investment forms Fidelity, T. Rowe Price and Morgan Stanley. Analysts believe the company may be moving so quickly to take advantage of a favorable investing climate around web companies.
Groupon (which spun out of ThePoint and was a Tech Cocktail showcased startup back in May 2008) is based in Chicago, with a staff of 3,100 now has offices in Palo Alto, CA, Europe and Latin America as well as local account executives in many US cities.
More details are available in the New York Times article found here.
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