Summary
Groupon Inc., the Chicago-based online-coupon site that spurned a $6 billion offer from Google this month, has filed to raise as much as $950 million from the sale of preferred shares.
The company amended its certificate of incorporation, allowing it to issue about 30.1 million shares of Series G preferred stock at a price of $31.59 a share, according to a filing with the state of Delaware. The financing would value Groupon at as much as $7.8 billion, exceeding Google's offer, according to VCExperts, a website that offers data and analysis for venture capitalists and private equity investors.See the full content of this document
Extract
Groupon Hopes to Raise $950 Million in Preferred Stock Sale
Groupon ...
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