Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more
The company recently turned down a $6 billion dollar acquisition offer from Google and, while many people said they were crazy, a $15 billion IPO could be a good indication of why. Others noted the reason was that the search giant lacked the needed human touch for daily deals.
Groupon has been working hard to secure a large amount of funding, which may be attractive to investors if an IPO occurs. In recent fundraising, the company initially snagged $500 million and then finally pulled in a total of $950 million from investors like Fidelity Investments, T. Rowe Price and Morgan Stanley.
Another indication that an IPO is on the horizon may be the hiring of the company’s first chief financial offer, Jason Child, who was based in Seattle as head of finance for all Amazon websites outside of North America.
Groupon, based in Chicago and founded in 2008, claims to have more than 24 million subscribers in 150 cities and around 3,000 employees.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more