Watch CBS News

Tech Report: Groupon To Go Public, IPO Pending

RANCHO PALO VERDES (KCBS) — Groupon, the rapidly growing online coupon seller, plans to raise $750 million for its latest deal to go public. The company's CEO Andrew Mason spoke Thursday at the "All Things Digital Conference" in Rancho Palo Verdes, CA.

KCBS Technology Analyst Larry Magid was in attendance at the event where he said the 30-year-old CEO seemed charming during the surprise announcement that they'd be making an initial public offering of stock.

KCBS Technology Analyst Larry Magid Comments:

Magid said Mason talked abstractly about when exactly the offering would come, but that it would be good for the Chicago based company. Mason said it would raise a lot of capital and additionally create expansion.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.