Coupons.com Investment Is Said to Value Company at $1 Billion
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Coupons.com Inc., a 13-year-old company that’s benefiting from surging interest in online discount sites, attracted $200 million from institutional investors, helping it expand services and boost hiring.
Coupons.com, which didn’t name the investors, aims to boost its staff of 300 by 100, adding engineering, sales and marketing positions, the Mountain View, California-based company said today in a statement. The deal values the business at $1 billion and helps set the stage for a potential initial public offering in 2012, according to a person with knowledge of the investment.