Groupon Has Discussed IPO with Valuation Up to $25B (GOOG)
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Groupon Inc. could be valued at as much as $25 billion after the company has held talks with banks about an initial public offering, according to a report from Bloomberg on Thursday citing people familiar with the matter.
The sources said that the IPO could happen this year for the online-coupon company, adding that it is unlikely that the IPO would value Groupon at less than $15 billion.
Groupon turned down a bid from Google Inc. (NASDAQ: GOOG) in December for $6 billion.
The company now has 70 million users, stretching out to more than 500 markets, up from 300 when the offer came from Google.
One of the sources said that Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) have discussed handling the IPO.
The sources said that the IPO could happen this year for the online-coupon company, adding that it is unlikely that the IPO would value Groupon at less than $15 billion.
Groupon turned down a bid from Google Inc. (NASDAQ: GOOG) in December for $6 billion.
The company now has 70 million users, stretching out to more than 500 markets, up from 300 when the offer came from Google.
One of the sources said that Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) have discussed handling the IPO.
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