Sina Technology, Beijing time, May 11th morning news, according to the US tech blog All Things Digital reported, informed sources said that group-buying website Groupon would submit its initial public offering (IPO) plan as early as this week.
Reports suggest that Groupon CEO Andrew Mason and other senior executives hope to file the IPO documents immediately, but they decided to delay briefly in order to sort out their investment banking business.
Previously, it was rumored that Goldman Sachs and Morgan Stanley will be the joint underwriters for Groupon's IPO, with an estimated valuation of around $15 billion.
Since its establishment in 2008, Groupon has experienced rapid growth. Currently, it employs 6,000 people globally, and millions of users have purchased discounted products offered by the company.
Groupon also raised large-scale funds through multiple rounds of financing from top venture capital companies such as Andreessen Horowitz, Accel Partners, and Russia's DST. Additionally, Groupon rejected acquisition offers from Google for $6 billion and Yahoo! for $4 billion. (Xiaoming)
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