Friday at 5:45 a.m.
Filed under:
IPOs,
Investing
By Reuters
Groupon CEO Andrew Mason speaking in August 2010 at Groupon's headquarters, 600 W. Chicago Ave. (Brian Cassella/Chicago Tribune)
Groupon is likely to pick Goldman Sachs and Morgan Stanley to lead a second-half initial public offering that could value the fast-growing daily deals site at $15 billion to $20 billion, a source familiar with the matter said on Thursday.
Groupon could raise as much as $1 billion in the IPO, which could come in the second half of 2011, although the exact size had not yet been determined, said the source, who was not authorized to speak to the media. Get the full story »
Jan. 18 at 9:34 a.m.
Filed under:
Internet
By Wailin Wong
Online review hub Yelp has launched local deals in Chicago, hoping to get a foothold in the daily deals space pioneered by Groupon.
Yelp Deals launched Tuesday in Chicago, becoming the fourth city for the company’s local offers program. The other cities are San Diego, New York and San Francisco. Get the full story »