New York Times Says Groupon To IPO By End Of 2011

The New York Times is reporting that Groupon is going to IPO before the end of 2011. Earlier in the week, Groupon raised $950 million in preferred stock, at $31.59 per share. This is the largest round of equity financing since Pixar DIS in 1995. The Chicago-based tech company tech has received funding from big institutional investors such as Fidelity Investments, T. Rowe Price and Morgan Stanley, the newspaper said. Local.com Corp. LOCM, SuperMedia Inc SPMD, Dex One Corporation DEXO, Web.com Group, Inc. WWWW and GSI Commerce, Inc. GSIC could see some volatility today based off this report.