Groupon eyes IPO by end of 2011 – NY Times

Dec 30 (BestGrowthStock) – Online discount coupon provider Groupon
Inc is working towards 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. [ID:nN28254951]

The tech startup, which had recently spurned a $6 billion
takeover bid from Google (GOOG.O: ), has attracted funding from
several big institutional investors including Fidelity
Investments, T. Rowe Price (TROW.O: ) and Morgan Stanley (MS.N: ) (Read more about the money market today. ),
the newspaper said.

Groupon could not immediately be reached for comment by
Reuters outside regular U.S. business hours.
(Reporting by Sakthi Prasad in Bangalore; Editing by Erica
Billingham)

Groupon eyes IPO by end of 2011 – NY Times