Saturday, October 22, 2011

Groupon Sets IPO Date and Starts Holding Its Breath

By Rob Spiegel, Octobre, 21, 2011, ECommerce Times.
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 US$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.... Read more.