Groupon valued at $15 billion

When Facebook was valued at $50 billion, many folks were left screaming “what?” Now it seems that we might be in for another round of such statements as the latest reports value Groupon around $15 billion or more, which is more than double the $6 billion that Google was rumored to be offering the company a few months back. Apparently the company is seriously discussing the possibility of going public with rumors hinting that an IPO might be arriving in the spring. Groupon seems to be going from strength to strength and the daily deals site has recently raised $950 million dollars from investors such as Greylock Partners, Kleiner Perkins and Morgan Stanley.

Matthew Chung
Categories: General
Tags: groupon, stock