Groupon close to choosing IPO advisors

first_img whatsapp Friday 15 April 2011 9:53 am John Dunne Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Groupon was unavailable to comment. Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Share Groupon is likely to appoint Goldman Sachs and Morgan Stanley to lead an initial public offering this year.The two investment banks are to be appointed as two lead underwriters for the IPO and could raise up to $1bn (£612bn) for the company, Reuters reported, quoting sources familiar with the matter.Sources close to Morgan Stanley indicated that they were expecting to receive confirmation of the contract.Goldman Sachs did not respond to calls.Groupon has not yet decided how much it would raise from an offering or when to do so, but is reportedly considering the second-half of the year, probably the third quarter.This could value the deal-of-the-day website at between $15bn (£9.18bn) and $20bn, according to Reuters.Groupon has said it has been profitable since June 2009 but does not publish its financial reports.The site, which offers discounted restaurant and retail coupons, turned down a $6bn buyout offer from Google in December 2010. Groupon close to choosing IPO advisors last_img

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