Groupon Said To Be Valued At, Like, $15 Billion

Vendredi, 14 Janvier 2011 05:22

Groupon Said To Be Valued At, Like, $15 Billion

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Ready for more “Groupon is worth what?!” kind of reactions? The New York Times is reporting that the daily deals site has been seriously discussing going public with Wall Streeters this week, with a rumored IPO time sometime in Spring.

The report also amps up Groupon’s valuation to more than double the $6 billion Google had rumored to be offering for the company just

months ago, at about $15 billion “or more.”

From The New York Times:

“An I.P.O, if it happens, will be a significant milestone for the young startup, led by 30-year-old founder Andrew Mason, whose quirky personality has helped shaped the site. The offering, which would also be among the most highly anticipated since Google’s in 2004, would also represent the highest valuation on the company to date.”

Groupon is on a tear, recently raising $950 million dollars from investors such as Greylock Partners and Morgan Stanley in the largest ever financing round for a startup, according to the Times.

Groupon which has aggressively focused on its international expansion plans as of late, also hit a less notable milestone today, over $1 billion dollars saved.

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