Groupon estimates $11.4 billion market value following IPO


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Mon, 2011-10-24 10:38 - By  
According to Bloomberg, the daily-deal site Groupon will be selling its shares to the public starting next month. Groupon’s market value would be about $11.4 billion following the launch of its Initial Public Offering this November. The decision comes following Google’s buyout bid back in 2010 valued at $6 billion.
 
While the three co-founders; Eric Lefkofsky, Bradley Keywell and Andrew Mason, will collectively own more than a third of Groupon’s common stock, they will also share more than 58 percent of the voting power.
 
 

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