Groupon – Could It Be On The Verge Of Going Public?
2010 has seen the company Groupon going from strength to strength. It has managed to capture the imagination of people all over the world, thanks to its unique method of being able to offer significant local discounts to its members. It has been able to promote and highlight local businesses in all kinds of areas, meaning that they get new business and the customers get great discounts as well.
But now there has been a new announcement from the company, namely to say they have taken on a chief financial officer who used to work for Amazon.com. Sources have speculated that this could be because Groupon could be on the verge of going public with its business.
It is too soon to say whether this speculation will turn out to be true. But the chief financial officer they have taken on – Jason Child – has had a good pedigree coming from Amazon, and he would be the ideal man to have on their side.
Groupon recently reportedly refused to accept a huge offer from Google to take over the company. The figure was reported to be $6 billion. Whether that is true or not, it will be interesting to see whether they do indeed choose 2011 to go public. Many have speculated that they will not want to wait for too long before they do; perhaps their refusal of Google’s offer means they are keen to do it sooner rather than later.