Groupon IPO $US20 BILLION
Posted: April 15th, 2011 | Author: Marcus fangerfield | Filed under: mcsixtyfive | Tags: Blip, Bloomberg, Goldman Sachs, Groupon, Groupon, IPO, Marcus Dangerfield, Marcus Dangerfield, Morgan Stanley | Comments Off
Groupon is planning to go public later this year with a stock offering that will value the company at $20 billion, the Wall Street Journal reports, citing “people familiar with the matter.” The Journal also said the company is expected to choose Goldman Sachs and Morgan Stanley as lead underwriters for the deal. The current prediction is slightly down from the Bloombergs last punt at a price – $25 billion - a month ago on March 17th. Which was up considerably from the journals prediction a month earlier, $15 billion on Feb 12. OK, lets go back to the start of this blip – Groupon is Planning at some time in the future to float for an unknowable amount, it will be in the billions!? [MD]
Internet giant Google is said to be planning an entrance into the group-buying craze, after a leaked flyer promoting its Google Offers program was published across the internet late last week. The rumoured program may be a response to failed negotiations that took place last year with industry giant Groupon, with Google apparently offering the company $US6 billion to acquire the company. Google which has expanded beyond its core search operations into mobile phones and other products, is developing a local coupon service similar to Groupon 
