Chicago – Groupon, the group buying service and chief rival
of LivingSocial, could be valued as high as $25 billion when it prices its
initial public offering (IPO), which could happen later this year, Bloomberg
reported. Citing two people with knowledge of the situation, the news service
said the two-year-old company would likely be valued at a minimum of $15
billion.
The news comes three months after Google ended its pursuit of Groupon,
after offering a reported $6 billion for the company.
Chicago-based Groupon now
operates its daily discount email service in more than 500 markets, with more
than 70 million users.
Related Links:
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(Bloomberg)
