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With Reports Of A New Round Closing In On $1 Billion, Groupon’s Valuation Could Be As High As $7.8 Billion

December 28th, 2010 12:56 admin Leave a comment Go to comments

According to a VC Experts report, Groupon gave the SEC a heads up on December 17th with an Amended Certificate to authorize a $950 million round of Series G funding. While this doesn’t necessarily mean the company will be raising that amount, it does give it the capacity to do so. The report says to expect a Form D with the exact amount of financing to be filed next week.

From the VC Expert Blog:

“There are a few key differences in terms and pricing between the Series G and its Series F, raised in April. The $135 million Series F, led by Digital Sky Technologies, was priced at $32.12 per share and was junior in liquidation preferences to all preferred shares. This round is priced $.53 less, at $31.59 per share and is senior to all.

The latest filing also increased the authorized shares of voting common to 250 million shares, and if all of them are issued, Groupon’s valuation could be as high as $7.8 billion. The financing comes just weeks after Groupon’s rejection of Google’s $6 billion buyout offer. Groupon gave no official reason for the rejection, though reports speculated pricing, strategy and anti-trust issues were to blame.”

According to VC Expert’s estimate, the new round gives Groupon a “best estimate” valuation of $6.4 Billion. The filing has reportedly also increased Groupon’s shares to 250 million and if all of them are issued at $31.59 per share could mean that the company is valued at over $7.8 billion.

VC Experts says they will release the Amended Certificate filing tomorrow morning to their email distribution list. We’re currently looking into it.

Source: With Reports Of A New Round Closing In On $1 Billion, Groupon’s Valuation Could Be As High As $7.8 Billion

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