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.
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