Groupon CEO Says, “We have yet to reach sustained profitability”

July 17, 2011 by Brett Reilly

Groupon should probably hire a PR rep after this mistake. When you are preparing your company to launch an IPO by bringing on as many as 11 banks to back your offering, including names like JP Morgan Chase, you probably want to chose any publicly spoken words wisely. But that's not what happened for Groupon co-founder and ...

Groupon IPO Looks To Raise $750 Million

July 16, 2011 by Brett Reilly

Groupon, the group coupon buying site, is looking to raise a whopping $750 million with their initial IPO. One strategy Groupon in leveraging with this initiative is to incorporate a lot of banks to buy into the IPO, allowing them to spread the risk and access a wider range of expertise. Groupon established the group ...