Friday, March 18, 2011

The site Groupon plans to accelerate its IPO

The U.S. website Groupon, which allows its followers to benefit from coupons on their purchases, could be valued near $ 25 billion at its next IPO, a higher price than had obtained Google this moment in its development, says the New York Times. The new Internet sensation, has rejected an offer in the fall to buy Google for $ 6 billion, could make his case for IPO this spring, the paper said on its website.

Groupon has hired the investment bank Goldman Sachs to lead the project, according to the New York daily, citing a person familiar with the matter. But the rival Morgan Stanley is not yet off the race for the contract, which should generate substantial commissions for the bank in charge of the operation, the newspaper said.

The IPO of Google in August 2004 was conducted on the basis of a valuation of $ 23 billion. Founded in 2008, Groupon growing rapidly and its value is correspondingly high: the latest assessments of the group revealed in the press two months ago suggested a price of about $ 15 billion. In late December 2009, Groupon had 124 employees.

Currently, the workforce amounted to 5 900 people, about half of which recruited over the last three months. The group claims to be profitable. The site was launched in late February on the Chinese market in partnership with a local giant of the commercial Internet, Tencent, the largest market for internet in the world despite the strong competition that exists already in its niche.

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