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How much is Groupon worth?
Bloomberg is reporting the daily deals website has entered into talks with bankers to consider an Initial Public Offering (IPO) to potential investors with a valuation as high as $25 billion.
That would be more than Google when it went public with $23 billion market valuation.
After turning down a $6 billion acquisition offer from Google in December 2010, Groupon began aggressive fund raising campaign raising more than $950 million.
When Groupon was in talks with Google is was company annual revenues were estimated at $2 billion. In 2010, Groupon generated more than $760 million in sales, according to a memo release February by CEO Andrew Mason.
Groupon Launched in 2008. Since then its featured a daily deal on stuff to do, see, eat, and buy in more than 500 markets throughout the world. More than 70 million members have signed up to get their Groupon coupons. There are 1500 people working out of Groupon’s Chicago headquarters.
