According to CNBC' Kate Kelly, Groupon and Pandora have both met with investment bankers today to dsicuss potential IPO's.
Groupon's IPO could be around $1 billion, perhaps more in the offering.
Pandora has talked about an offering of a much smaller size, in the neighborhood of $100 million.
Groupon spurned Google GOOG last month, as the search giant was prepared to pay $6 billion for the Chicago-based company.
Groupon just recently raised money too, so it's not quite yet clear why it would raise money from venture capitals, then talk about going public so close together.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in