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Groupon becomes largest Internet IPO since Google, raises $700 million
- Groupon has raised $700 million in its initial public offering and is currently trading much higher than the original $20 per share asking price. The daily deals company managed to sell 35 million shares at $20 each, thus becoming the…
Groupon IPO valuation to be lower than anticipated
- Groupon’s initial public offering (IPO) is expected to be much lower than originally anticipated earlier this year. Analysts now believe the company will be valued between $5 billion and $10 billion when shares are offered on the open market, according…
Facebook testing deals program to rival Groupon and Google
- Hot on the heels of the Google Offers beta launch Facebook has revealed it is also jumping into the local deals frenzy that made Groupon a multibillion-dollar company. Appropriately named Facebook Deals, the new feature is launching in Austin, Atlanta,…
Google Offers beta kicks off, sets its sights on Groupon
- Unable to takeover Groupon after the latter rejected its $6 billion offer, Google has opted to start from scratch with its own daily deals-giving service. Google Offers is initially rolling out in Portland, New York, and San Francisco, where it…
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