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.READ MORE: UPDATE: Scott Peterson To Be Re-Sentenced For 2002 Christmas Eve Murder Of Pregnant Wife
KCBS Technology Analyst Larry Magid Comments:READ MORE: Injury Accident at San Mateo Bridge Toll Plaza Blocks Westbound Lanes of Hwy 92 in Hayward
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.MORE NEWS: Betty Reid Soskin, Nation's Oldest Park Ranger, Honored With School Renaming On 100th Birthday
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