advertisement

Groupon may have a value of more than $6 bil, report says

Groupon Inc., owner of the largest coupon website, may have a value of as much as $6.07 billion, according to a report on secondary exchange SharesPost Inc.

The estimate contrasts with the $15 billion valuation Groupon may have if it pursues an initial public offering this year, people with knowledge of the company's plans have said. Groupon is poised to grow 20 percent annually through 2015, according to a Feb. 1 Next Up Research report on the SharesPost website.

Since its start in 2008, Chicago-based Groupon has emerged as the top site for local daily deals on spas, restaurants and clothing stores. After rejecting a $6 billion takeover offer from Google Inc. in December, the company is now considering an IPO and raised almost $1 billion in a round of financing last month that pegged the company's value at $4.75 billion, the people said.

Groupon sends daily deals to 50 million subscribers in 35 countries. It keeps a portion of the revenue when customers buy a deal.

The company is talking to Goldman Sachs Group Inc. and Morgan Stanley about the IPO, the people said.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.