The New York Times is reporting that Groupon’s valuation to more than double the $6 billion Google offered for the company just months ago, at about $15 billion.
From The New York Times:
“An I.P.O, if it happens, will be a significant milestone for the young startup, led by 30-year-old founder Andrew Mason, whose quirky personality has helped shaped the site. The offering, which would also be among the most highly anticipated since Google’s in 2004, would also represent the highest valuation on the company to date.”
Groupon recently got $950 million dollars from investors according to the Times. People have saved over $1 billion dollars saved through the use of Groupons. I would love to learn more about what plans they have going forward.