Thursday, December 30, 2010

SEC Watch: Groupon Raises Half A Billion In Half A Round

Some investors in local deals startup Groupon won’t have to wait for a sale or IPO to get a payout. In an SEC filing Thursday, the Chicago-based company said it has raised $500 million and held open the possibility of raising another $450 million, with nearly $345 million slated to buy back equity from current shareholders.

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