Things just keep looking up for Groupon. Long rumored to be the object of affection from Google, Groupon rejected Google’s $6 billion dollar purchase offer in favor of going it alone via venture capital. As it turns out, that might have been a great idea. According to sources, Groupon is looking to pick up as much as $950 million dollars in funding from investors.
Is there any doubt that Groupon will be filing an IPO soon? No, not really. In fact, the IPO may come as soon as next year, according to sources. Now would be the time. Groupon’s sales will top $500 million dollars this year, and the US local advertising market is expected to pass $133 billion dollars.
Groupon has sold over 24.4 million coupons since it started in 2008; it has a staff of 3000 people and 35 million registered Groupon users. It’s no wonder Google wants to buy them and venture capitalists want a piece of the fastest-growing coupon company online.
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