More Topics:
NEA Could Reap 106x Return from Groupon Investment
Posted October 24, 2011
We Recommend...
New Enterprise Associates could reap a 106x return from its investment in Groupon, good for $1.4 billion to $1.57 billion, the Wall Street Journal reported.
The Chevy Chase, Md. firm invested $14.8 million in Groupon, which plans to offer 30 million shares at $16-$18 a share in its planned IPO.
The Journal said that NEA has already "has already pocketed $70 million, redeeming shares in January that originally cost the firm just $1.36 million. But if all goes well with Groupon, this bet has the potential to deliver one of the great returns in the venture industry."
Read the WSJ's report here: http://tinyurl.com/3za4l7g
blog comments powered by