News provider VC Experts says Groupon would issue nearly 30.1m of a new series of preference stock, priced at $31.59 a share, as a regulatory filing shows $500m has already been raised.
Groupon, a US-based online coupon company backed by corporate venture-backed Mail.ru, wants to raise up to $950m after ending talks to sell out to search engine group Google for a reported $6bn.
Groupon’s statement of incorporation, which was first disclosed by news provider VC Experts, said Groupon would issue nearly 30.1 million of a new series of preference stock, priced at $31.59 a share. The stock would be priced slightly below the level of the last round sold by Groupon…
