Friday, January 14, 2011

Groupon, Pandora Talking IPO's with Investment Bankers

A report by Kate Kelly of CNBC (NYSE:GE) said that Groupon and Pandora have been in meetings with investment banking representatives to talk about potential IPOs.

Early estimates are an IPO by Groupon would fetch about $1 billion, possibily a little more, and Pandora would generate about $100 million in an IPO.

Some of the recent moves by Groupon are somewhat puzzling, as after rejecting Google's (NASDAQ:GOOG) $6 billion offer last month, they raised capital later from venture capitalists, making the idea of an IPO somewhat odd, as the usual reason for an IPO is because you can't raise funds elsewhere.

Either way, it looks like the two companies are seriously considering going public.

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