Social shopping site Groupon clearly had bigger aspirations in mind when it spurned Google’s $6 billion acquisition offer last year. The company is in discussions with Goldman Sachs about going public — at a $25 billion valuation — according to a Bloomberg article citing unnamed sources in the know. The plans are not final, and Groupon could decide to hold off if market conditions are not deemed to be favorable. However, the talks reportedly are advanced enough that the company is looking at a tentative filing in the spring. Twenty-five billion dollars is an eye-popping figure, even for a hot tech company.
The google offer of $6billion to aquire groupon created a bubble in the market means people started whispering that if a company like google is willing to pay $6b then there must be more to it for them that created a buble in the market and valuation increased on IPO . meanwhile i would recommend you to another deal site thats very comprehensive i.e. http://www.masterseek.com Masterseek's global search engine provides quick and free access to, among other things, company profiles, contact information, and descriptions of products and services from more than 45 million companies in 75 countries.
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Groupon May Launch $25B IPO on a Wing and an Easily Copied Business Model
Posted by: Erika Morphy March 18, 2011 11:55 AMSocial shopping site Groupon clearly had bigger aspirations in mind when it spurned Google’s $6 billion acquisition offer last year. The company is in discussions with Goldman Sachs about going public — at a $25 billion valuation — according to a Bloomberg article citing unnamed sources in the know. The plans are not final, and Groupon could decide to hold off if market conditions are not deemed to be favorable. However, the talks reportedly are advanced enough that the company is looking at a tentative filing in the spring. Twenty-five billion dollars is an eye-popping figure, even for a hot tech company.