The U.S. site Butts takes up the principles of joint purchasing Groupon. U.S. website Butts deals announced Thursday, December 30, he sold for 500 million shares (377 million) since December 17 as part of an operation to remove 950 million dollars (716 million). In a paper published by stock exchange authorities (SEC), Butts said he still offers for sale for $ 450 million (339 million) of securities.
The site is an IPO at the earliest in late 2011, before this deadline and expects a fundraiser with major institutional investors, said earlier in the day the New York Times. Based in Chicago and created two years ago, Butts is the leading coupon sites before LivingSocial.
It allows small shops, restaurants and beauty salons offer special rates at very low prices to users, provided that a minimum number of Internet users are interested. The site, already present in 300 cities in North America and Europe, is increasing its presence. In early December, Butts had rejected a takeover offer from Google between 5 and 6 billion dollars (3.8 to 4.5 billion euros), the largest amount that the search giant has ever put online on the table to take control of a company.
The site is an IPO at the earliest in late 2011, before this deadline and expects a fundraiser with major institutional investors, said earlier in the day the New York Times. Based in Chicago and created two years ago, Butts is the leading coupon sites before LivingSocial.
It allows small shops, restaurants and beauty salons offer special rates at very low prices to users, provided that a minimum number of Internet users are interested. The site, already present in 300 cities in North America and Europe, is increasing its presence. In early December, Butts had rejected a takeover offer from Google between 5 and 6 billion dollars (3.8 to 4.5 billion euros), the largest amount that the search giant has ever put online on the table to take control of a company.
- GroupOn: No IPO. No Google Sale. We'll Just Raise a Gajillion Dollars On Our Own, Thanks! (28/12/2010)
- Groupon Inc. Files To Raise Nearly $1 Billion (29/12/2010)
- Groupon may raise $950 million in financing (29/12/2010)
- Groupon Insiders Take $345 Million Off The Table In Latest Funding Round (30/12/2010)
- The Impending Groupon IPO (30/12/2010)
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