Thursday, December 30, 2010

Groupon eyes $950m in preferred stock sale - The Boston Globe

This will be an interesting test of bubble dynamics

The company amended its certificate of incorporation, allowing it to issue about 30.1 million shares of Series G preferred stock at a price of $31.59 a share, according to a Dec. 17 filing with the state of Delaware. The financing would value Groupon at as much as $7.8 billion, exceeding Google’s offer, according to VCExperts, a website that offers data and analysis for venture capitalists and private equity investors.

Groupon eyes $950m in preferred stock sale - The Boston Globe

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