1. Groupon IPO Exceeds Expectations
... and raised $700 million. Groupon initially announced in its first filings with the SEC that it hoped to raise $479 million by selling stock at $17 per share with a maximum of $552 million if the company also sold its 4.5 million in over-allotment shares. However, Mason did not disclose what he intended to do with the extra money and has vowed ... laid-back founder and chief executive, Andrew Mason, would be able to convince investors that Groupon is more than just another Pets.com, a prime example of a company that fell to pieces after the dot-com boom of the 1990s. Mason, who is usuall...
- Word Count: 1047
- Approx Pages: 4
- Has Bibliography