http://www.thealarmclock.com/mt/archives/2011/03/groupon_ipo_up.html
Chicago-based Groupon is reportedly in talks with bankers about an IPO that would value the company at between $15B to $25B. That's a far cry from the $6B that Google reportedly offered the company just last December. When Groupon walked from the table with Google we heard a number of people mutter that Groupon and its investors were foolish and too high on themselves. Groupon had too many competitors and was in a bubble. But Groupon keeps showing up with greater and greater revenues and profits, lifting its valuation ever further. The company now has 70M users and reaches more than 500 markets, up from 300 when Google made its offer in December.
Groupon is making its investors look very smart particularly Digital Sky Technologies which paid on a valuation of about $1.3B last April when Groupon raised $135M. Several commentators have pointed out that the Google IPO was at $23B so Groupon could eclipse that.
Chicago-based Groupon is reportedly in talks with bankers about an IPO that would value the company at between $15B to $25B. That's a far cry from the $6B that Google reportedly offered the company just last December. When Groupon walked from the table with Google we heard a number of people mutter that Groupon and its investors were foolish and too high on themselves. Groupon had too many competitors and was in a bubble. But Groupon keeps showing up with greater and greater revenues and profits, lifting its valuation ever further. The company now has 70M users and reaches more than 500 markets, up from 300 when Google made its offer in December.
Groupon is making its investors look very smart particularly Digital Sky Technologies which paid on a valuation of about $1.3B last April when Groupon raised $135M. Several commentators have pointed out that the Google IPO was at $23B so Groupon could eclipse that.
