More Topics:
NEA’s Investment in Groupon Valued at $2.3B, T. Rowe Price’s at $330M - cbl
Posted November 6, 2011
We Recommend...
By Bill Murphy
BALTIMORE -- Many pre-IPO investors tripled their money while early investors like New Enterprise Associates made astronomical returns as Groupon Inc. (Nasdaq: GRPN), the daily deals company, completed a $700 million initial public offering, the biggest by a dotcom since Google Inc.
Groupon shares touched $31 before closing at $26.11 on Nov. 4, giving investors a 31 percent boost on the opening day. The share price gave Groupon a valuation of $16.50 billion.
New Enterprise Associates was among the biggest gainers. Among the earliest investors in Groupon, NEA's 87.45 million shares were valued at $2.28 billion, for a potential return of about 154x, according to peHUB, a venture and private equity news site run by Thomson Reuters.
Among other investors in citybizlist's geographies, Boston-based Fidelity Investments and Baltimore-based T. Rowe Price were the biggest. Each invested $100 million in the Internet startup and their stake was each valued at $330.61 million on Nov. 4.
From New York, Morgan Stanley's $75 million investment grew to $247.96 million; and Allen & Company's $4 million investment grew to $13.22 million.
Boston-based Battery Investors VIII LP's $23 million investment grew in value to $76.04 million, and Greylock XIII L.P.'s $65 million investment rose to $214.89 million.
Also, Dallas-based Maverick Fund Private Investments Ltd.'s portfolio grew to $165.30 million, from $50 million.
The following are some Groupon investors and the value of their holding as on Nov. 4:
New York
Allen & Company, LLC
Investment: $4 million
Class A Shares: 506,488
Value on Nov. 4: $13.22 million
Morgan Stanley Investment Management
Investment: $75 million
Class A Shares: 9,496,680
Value on Nov. 4: $247.96 million
Boston
Fidelity Investments
Investment: $100 million
Class A Shares: 12.66 million
Value on Nov. 4: $330.61 million
Battery Ventures VIII L.P.
Investment: $23 million
Class A Shares: 2.91 million
Value on Nov. 4: $76.04 million
Greylock XIII L.P.
Investment: $65 million
Class A Shares: 8,230,452
Value on Nov. 4: $214.89 million
Baltimore
T. Rowe Price
Investment: $100 million
Class A Shares: 12,662,236
Value on Nov. 4: $330.61 million
New Enterprise Associates
Investment: Unknown
Class A Shares: 87.45 million;
Value on Nov. 4: $2.28 billion
Dallas
Maverick Fund Private Investments Ltd.
Investment: $50 million
Class A Shares: 6,331,120
Value on Nov. 4: $165.30 million
blog comments powered by