Groupon eyes IPO by end of 2011

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Groupon eyes IPO by end of 2011

Post by NewsOnline on Thu Dec 30, 2010 5:14 pm

Groupon eyes IPO by end of 2011



BANGALORE | Thu Dec 30, 2010 3:17pm EST

(Reuters) - Online discount coupon provider Groupon Inc is working toward a potential public offering of its common shares by the end of 2011, the New York Times said, citing people briefed on the matter.

Groupon, the fast-growing online coupon seller, said on Tuesday it has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995.

The company said in a filing with the state of Delaware that it intended to sell shares at $31.59 each.

http://www.reuters.com/article/idUSTRE6BT0XN20101230

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