Pursuits
Groupon Raises More Than Half of $950 Million Round
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Groupon Inc., the daily-deal coupon site based in Chicago, has raised more than half the funds in a financing round that could generate as much as $950 million.
The equity offering brought in more than $500 million, Groupon said today in a filing with the U.S. Securities and Exchange Commission. That leaves about $450 million remaining in the funding round, the company said.