There’s a reason Groupon rejected Google’s offer of $6 billion dollars, and now we know why.  After securing nearly $1 billion dollars in funding, Groupon founder Andrew Mason (seen above) is preparing to take his company public, according to sources.  Groupon is valued at nearly $15 billion dollars by investors, and that looks to be a conservative estimate considering Groupon has expanded both in terms of cities it serves, staff it employs, and profits it makes–Groupon employs 3100 people, has 51 million users worldwide, and has an annual revenue of over $1 billion dollars.

“It’s smart to strike while the iron is hot, and they’re the most visible and fastest-growing player in their market,” said Greg Sterling, an analyst and the founder of Sterling Market Intelligence.  “To wait a year would inject a level of uncertainty for the proposition of going public.”

If Google wants to buy Groupon, they’d better up their offer and quickly.  I don’t see this company staying private much longer, and this is definitely the kind of business Google wants to be in going forward.  Maybe if Google offered Mason $15 billion dollars cash, he’d take a second look at their offer before risking the waters of the stock market.

Tags: Andrew Mason, Groupon, Groupon IPO values the company at billion dollars, billion dollar IPO for Groupon, Groupon valued at billion, Groupon Google, Groupon IPO, Groupon to go public, public trading for Groupon, Greg Sterling, Sterling Market Intelligence

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