IPO Talks Peg Value of Groupon at Staggering $15B
Public offering could come in spring
By Matt Cantor,  Newser User
Posted Jan 14, 2011 11:48 AM CST
In this photo made Wednesday, Oct. 14, 2009, Andrew Mason of Groupon stands on the grand staircase of the Art Institute of Chicago, one of his company's clients, in Chicago.   (AP Photo/M. Spencer Green)

(Newser) – Social deal site Groupon is moving toward an initial public offering that values the company at the princely sum of $15 billion, the New York Times reports. The company met with bankers this week to discuss the IPO, likely to occur in the spring; it would be one of the most anticipated offerings since Google’s—whose $6 billion offer Groupon rejected.

“It’s smart to strike while the iron is hot, and they’re the most visible and fastest-growing player in their market,” said an analyst, who noted that Morgan Stanley may be the bank to take Groupon public. In the past week the company has raised almost $1 billion from major investors, and “in the past year, Groupon has expanded from one to 35 countries, launched in 500 new markets,” and “grew subscribers by 2,500%,” notes ReadWriteWeb.

 

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