Tiger Global Management LLC, the hedge fund founded by Chase Coleman, become the fourth-largest holder of Groupon Inc. after adding 63.7 million shares in the last quarter, according to a regulatory filing today.
Tiger Global holds 9.95 percent of the shares, a position valued at $316 million at the end of the year, according to data compiled by Bloomberg.
Groupon shares have surged 12 percent in the past two days amid optimism that its new e-commerce service may expand to more cities, bolstering sales. The operator of the largest daily- deals website has tumbled 70 percent since its November 2011 initial public offering.
To contact the reporter on this story: Katherine Burton in New York at email@example.com
To contact the editor responsible for this story: Christian Baumgaertel at firstname.lastname@example.org