Tech Report: Groupon To Go Public, IPO Pending

View Comments
A deal offered on the Groupon website (Groupon.com)

A deal offered on the Groupon website (Groupon.com)

LarryMagid01-228 Larry Magid
Larry Magid is a technology journalist and an Internet safe...
Read More

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 This material may not be published, broadcast, rewritten, or redistributed.)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 Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 54,004 other followers