Ad: Manage updates with the Download App

amended s-1

Groupon's founders to retain control post-IPO

Once Groupon goes public on Friday, its founding trio won't be giving up their sway over the daily deals giant they started in October 2008, thanks to a dual-class share structure that's rigged in their favor.

According to an amended SEC filing posted today, Groupon's three founders--CEO Andrew Mason, Executive Chairman Eric Lefkofsky, and Director Bradley Keywell--will control 58.1 percent of the voting shares of outstanding capital stock. Specifically, the founders will own 34.1 percent of Class A common stock--each share of which gets one vote--and 100 percent of supervoting Class B shares, which each … Read more

Groupon may raise IPO pricing

As Groupon wrapped up the first leg of its no-frills roadshow in New York City on Friday, the daily deals giant was said to be considering raising its IPO price.

The Chicago-based company may file an amended S-1 document early next week, ahead of its anticipated IPO pricing date on November 3, Reuters and Bloomberg are reporting.

Groupon has filed with regulators to sell 30 million shares at $16 to $18 per share. And in that range, Groupon could raise $621 million and be valued at up to $11.4 billion, bankers said.

Earlier this year Groupon was valued at $… Read more