Groupon has packaged a new deal, and it’s going worldwide. The Internet coupon star will go public on Nov. with an IPO designed to raise as much as $621 million, valuing the company at $11.4 billion. That’s just 5 percent of the company’s shares. The numbers look big on the surface, but the total is smaller than the original expectation of $750 million to nearly $1 billion — a valuation of $15 billion — that was trotted out back in June. Groupon plans to open the selling at $16 to $18 per share and list on Nasdaq under the symbol GRPN.
Loading ...
Groupon Sets IPO Date and Starts Holding Its Breath
Posted by: Rob Spiegel October 21, 2011 02:59 PMGroupon has packaged a new deal, and it’s going worldwide. The Internet coupon star will go public on Nov. with an IPO designed to raise as much as $621 million, valuing the company at $11.4 billion. That’s just 5 percent of the company’s shares. The numbers look big on the surface, but the total is smaller than the original expectation of $750 million to nearly $1 billion — a valuation of $15 billion — that was trotted out back in June. Groupon plans to open the selling at $16 to $18 per share and list on Nasdaq under the symbol GRPN.