InfoAnda - Groupon mulls raising IPO price |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Fay Weldon paints bleak picture of future in novel | Entertainment | | 29 August 2009
U.S. approval allows first-run movies to TV sets | 8 May 2010
Israeli PM asks opposition leader Livni to join govt | 25 December 2009

Sirius XM creates limited-run "Tiger Blood Radio" channel about Charlie Sheen | 7 March 2011

Forum Views () Forum Replies ()

Read more with google mobile : Groupon mulls raising IPO price |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon John Lloyd Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money Blog John Wasik Unstructured Finance Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (1) Follow Reuters Facebook Twitter RSS YouTube Read ICC warns Libya's Saif al-Islam against fleeing | 12:53am EDT Cain's smoking ad divides Republicans: Reuters/Ipsos poll 28 Oct 2011 Google takes another shot at the TV market | 28 Oct 2011 Cain's smoking ad divides Republicans: Reuters/Ipsos poll 28 Oct 2011 Generators taken from NY anti-Wall Street protesters | 1:17am EDT Discussed 293 Obama to announce help on housing, student loans 115 Two abortion clinic employees plead guilty to murder 91 Fraud case leaves California Democrats scrambling Watched New CPR technique revives man after 63 minutes without pulse Thu, Oct 27 2011 Video purports to show Gaddafi capture Mon, Oct 24 2011 Dueling demonstrations in Yemen Fri, Oct 28 2011 Groupon mulls raising IPO price Tweet Share this Email Print Related News Groupon considering raising IPO price range: source Fri, Oct 28 2011 Google makes big changes to daily deals business Thu, Oct 27 2011 Groupon CEO says replacing 10 pct of sales staff Wed, Oct 26 2011 Amazon profit forecast disappoints, stock slumps Tue, Oct 25 2011 IPO View: Groupon could find IPO a tough sale Mon, Oct 24 2011 Analysis & Opinion How to justify Groupon’s valuation M & A wrap: Sony looks to integrate Related Topics Technology » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » Groupon founder and CEO Andrew Mason attends the second day of the Allen and Company Sun Valley Conference in Sun Valley, Idaho on July 7, 2011. Credit: Reuters/Anthony Bolante By Clare Baldwin and Alistair Barr NEW YORK/SAN FRANCISCO | Fri Oct 28, 2011 9:27pm EDT NEW YORK/SAN FRANCISCO (Reuters) - Groupon Inc is considering raising its IPO price range, as underwriters grow more confident about demand after completing the East Coast leg of a two-week roadshow to woo investors. One of the most closely watched initial public offerings of the year, Groupon had previously filed with regulators to sell 30 million shares at $16 to $18 apiece, scaling back its aspirations amid weak market conditions and uncertainties over its long-term business outlook. The company is now considering raising the price range and could file an amended IPO prospectus early next week, said a source familiar with the situation. Groupon declined to comment and no other details were immediately available. Chief Executive Andrew Mason hosted a luncheon on Friday at the St. Regis hotel in Manhattan -- the biggest event on the roadshow, seen as crucial in helping Groupon's bankers decide how to price the shares. Fund managers who attended the meeting told Reuters they were pleasantly surprised by how charming and composed Mason was, since he has a reputation of being volatile after he blasted Groupon's critics in a leaked staff memo this summer. Nonetheless, quite a few investors said they were still undecided about buying into the IPO, noting that Groupon faces huge competition in the daily deals business. The company has also had to change its accounting twice under regulatory pressure and has lost two chief operating officers in the past year. Mason "was a lot more likable, less arrogant in person than I expected," said a money manager at a firm with more than $15 billion under management, who attended the Friday meeting. "It's intriguing. It's such a massive opportunity if they're the winner, so the question is, 'Do they become the winner?'" he said, speaking on condition of anonymity. Despite lingering concerns, investors expect the IPO to be over-subscribed, partly because bankers have limited the float to just 4.7 percent of shares. One investor who attended the event said the investor's hedge fund firm planned to ask for shares in the offer, but added that it was very unlikely to get an allocation. The risk is that Groupon may be flipped by some investors on the first day. Later on, early-stage investors might want to cash out through secondary issues, putting downward pressure on the stock. "It will probably be like LinkedIn, a huge moonshot," said a hedge fund manager with $500 million under management, who attended Friday's presentation. "There hasn't been an IPO in a long time and everyone will clamor for it," he said, but added that he does not view Groupon as a long-term investment. Fidelity Investments, Capital Group and T Rowe Price already own Groupon stock from private investment rounds and are planning on buying more shares in the IPO, according to two underwriting sources. The three asset managers all declined to comment so it was not certain if they would follow through. Institutional investors typically do not show their hand until a day or two before the final pricing and stock market debut. AHEAD OF AMAZON Groupon scaled back its IPO to raise up to $540 million, from a previous target of up to $750 million, amid Wall Street concerns that the Chicago-based company faced well-funded rivals such as Google Inc and Amazon.com Inc. They have billions of dollars to put in play, while Groupon expects to have about $723 million in cash and equivalents after the IPO. A private equity investor who attended the presentation on Friday said he thinks Groupon is big enough that it is here to stay, but he was still not sure how much the company is worth. "People are questioning Groupon's business model but I think that's misplaced," said the investor, whose firm has more than $10 billion under management. "I don't know if it's worth $11 billion or $5 billion or $20 billion -- that's where the debate comes in -- but it's a real business." Groupon, which is approaching three years old, stressed to potential investors on Friday that its financials compared favorably to those of Amazon in its early days. Mason said Groupon is currently generating about $190 in gross billings per customer per year on average, compared with Amazon's $130 when it was at a comparable stage of development, according to a person who attended the presentation. Amazon now generates about $290 in gross billings per customer per year, Mason was quoted as saying. "Given the past mistakes management has made, they sounded credible," Scott Sweet of research firm IPO Boutique said. The one-hour presentation took place at a room atop the St. Regis, a luxury hotel off Fifth Avenue that sports red carpet stairways leading up from the sidewalk and staff in fancy overcoats and top hats. Security was tight and investors who were not pre-registered and who tried to walk in were turned away. Those investors who made it inside were offered chicken salad, bread, chocolate chip cookies, and tea or coffee. There were half a dozen questions after the presentation, of which two focused on one slide that showed Groupon spending roughly $14 to acquire each customer and generating a return on that investment, according to one investor. Another question focused on Groupon's efforts to reduce marketing spending and how that will effect subscriber growth. Executives and bankers are scheduled to meet with investors in San Francisco, Denver and Chicago next week. Underwriters on the Groupon IPO are being lead by Morgan Stanley, Goldman Sachs & Co and Credit Suisse. The shares are expected to begin trading on the Nasdaq on November 4 under the ticker symbol "GRPN." (Reporting by Clare Baldwin in New York and Alistair Barr in San Francisco; Additional reporting by Anthony Hughes in New York; Editing by Tiffany Wu, Gary Hill) Technology Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) frixyradd wrote: i really appreciate your blog. thanks for sharing! keep blogging! Oct 28, 2011 9:53pm EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 29 October 2011
Putin says smash faces of Russian fraudsters |
Browns tackle Joe Thomas doesn't think offensive line is tipping its hand
U.S. stocks flounder Friday as analysts digest latest European deal
David Ortiz open to Red Sox return, but Blue Jays may swoop in
Egypt protesters demand that army quit power |
Richie Ramsay maintains lead at tough Valderrama; Garcia three back
More American patients seek treatment abroad to escape high medical costs
U.S. Coast Guard seizes $180 million in cocaine from semi-submersible
Pakistan safe havens challenge U.S. Afghan effort |
Samsung unseats Apple by shipping more smartphones
Newer birth control pills tied to dangerous blood clots
NCAA hoops coaches allowed unlimited calls and texts to juniors and seniors
Boston sees first snow of the season, forecaster warn of Saturday snowstorm
Explosion hits Kenyan security forces vehicle |
Magnitude 6.9 quake shakes buildings in Peru capital |
Analysis: Shakeout expected among online advertising companies |
Steve Martin turns tweets into book |
Biography sees Jobs as crossroad of humanities, science |
Adele to get throat surgery, cancels all 2011 dates |
Steve Martin turns tweets into book |
Stuntman killed on set of The Expendables 2 |
ICC warns Libya's Saif al-Islam against fleeing |
Syrian tanks pound Homs after army defections: residents |
Carpenter, bullpen excel as Cards top Rangers in Game 7; win 11th World Series
Commonwealth leaders told summit risks being a failure |
Myanmar's Suu Kyi could seek parliament seat |
Pentagon report bashes Pakistan for harboring insurgents slowing Afghanistan normalization
Groups urge G20 not to ignore development agenda |
MLS: Rapids pass first test in defending title; set semis clash vs. Sporting
First woman athletic trainer in pro sports hired by Dodgers
China railway construction workers killed in road accident |
Birdie barrage: Daniel Chopra shoots 62 at Nationwide tour championship
Gunman attacks U.S. embassy in Bosnia |
Kvitova outlasts Radwanska, stays undefeated in WTA Championships
Chinese companies buying automaker Saab
Poet to beat ex-IRA commander for Irish president |
Groupon mulls raising IPO price |
Google takes another shot at the TV market |
India shuts server linked to Duqu computer virus |
Thai floods boost PC hard drive prices |
Michael Douglas says can't forget being told of cancer |
Kabul suicide bomb kills 13 U.S. troops |
Angels set to name Jerry Dipoto as new GM
Syrian forces pound Homs after dozens killed |
Ex-all-rounder John Inverarity is Cricket Australia’s new master
Rory on a roll: McIlroy leads by three shots at Shanghai Masters
Bo knows golf: Van Pelt takes third round lead at CIMB Asia Pacific
Israel kills top militants in Gaza base attack |
Texas A&M hoops coach Billy Kennedy diagnosed with Parkinson’s disease
Libyan Islamists urge NTC to stop executions in Iraq |
Roman Horak, Mikka Kiprusoff help Flames beat Blues
Thai PM says Bangkok may dodge flood disaster |
Turkey's post-quake relief races against winter |
Serb police raid Islamists after U.S. embassy attack |
Tortured prisoner's death angers Egyptians |
Iran says wants relations with U.S., but not now |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01