Groupon Gets Halfway to Funding Goal

發佈時間：2010-12-31
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   Groupon Inc., the daily online coupon service that recently spurned a takeover offer from Google Inc., has raised $500 million of a nearly $1 billion round of new funding, according to a regulatory filing.

   Groupon, which offers daily discounts for selected products and services, disclosed in a Securities and Exchange Commission filing that it has secured just more than $500 million of a funding round expected to reach slightly more than $950 million in total. Nearly $350 million from the new funding round will pay for shares held by the closely held company's directors, according to the filing.

   None of the investors behind the new funding round was identified. A Groupon spokeswoman declined to comment.

   Directors named in the filing who could be cashing out their shares include Andrew Mason, Groupon's founder and chief executive, as well as board members Ted Leonsis and Peter Barris.
   According to SharesPost, which provides an exchange for equity in private firms, investors have been seeking to buy shares in Groupon for as much as $125 each.

   Earlier this month, Groupon walked away from a takeover offer from Google reportedly valued at as much as $6 billion.

   The two-year-old company, which is now widely expected to pursue an initial public offering of shares, operates in 35 countries and employs roughly 1,000 people at its Chicago headquarters.

   The company last week hired former Amazon.com Inc. executive Jason Child to be chief financial officer.

                                                                                                                 Source: WSJ

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