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January 14, 2011

Groupon Worth $15 Billion? Some Analysts Think So

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Groupon LogoWhen social buying website Groupon turned down a $6 billion buyout offer from Google, it was a shock to many industry insiders who thought the offer was generous, but now The New York Times’ DealBook blog is reporting that the company is ready to “push ahead with plans for an initial public offering, a debut that could value the company at $15 billion or more.”

The announcement of a potential IPO comes just one week after we reported that the company raised $950 million in venture capital from various firms and expanded their reach from one to 35 countries with 500 new markets in 2010 alone, while increasing site use by 2,500% and bringing in more than 60,000 unique businesses to their marketing fold.

With talks of a “company bubble” surrounding some analysts thoughts, DealBook is reporting that Groupon is trying to raise their IPO when the goings good: read more

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