Groupon co-founder and CEO Andrew Mason may need to wait a little while longer before joining the billionaire-on-paper club.
The daily-deal company’s investment bankers finally estimated the terms of its much-anticipated initial public offering, giving us a first look at the worth of each shareholder’s stake.
Groupon now plans to offer 30 million shares at $16 to $18, which at the upper end would net the company $540 million in proceeds. It also values the company at up to $11.4 billion, well below the $20 billion to $30 billion valuation expectations tossed around earlier this year.
To read the full, original article click on this link: Groupon's Andrew Mason Is No Longer A Billionaire-On-Paper - Venture Capital Dispatch - WSJ
