Tuesday, January 11, 2011
Groupon Attracted $1 Billion By IPO
The American Internet company Groupon providing services in the field of online retailers, has completed the process of raising funds through private placements of shares in the amount of 950 million dollars to raise funds and repurchase shares from a number of former investors and to continue business expansion of Groupon outside the U.S.
New investors are private individuals and various companies, including the Russian Mail.ru Group. Financial advisor for placement was the company Allen & Company LLC.
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