Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Groupon Rally Boosted by Tiger Global Investment

Groupon Inc., the largest provider of daily deals, rose 15 percent, climbing for the second day after Tiger Global Management LLC said it acquired a 9.9 percent stake in the coupon website.

The shares advanced to $3.88 at the close in New York, their biggest gain since May. The stock has gained for the sixth straight day, making it a 48 percent jump over the period.

Groupon is still 81 percent below its November 2011 initial public offering, when the shares sold for $20 each. The backing of Tiger Global, a New York hedge fund run by Chase Coleman and Feroz Dewan, is one of the first encouraging signs for the Chicago-based company amid a tumultuous year, said Edward Woo, analyst at Ascendiant Capital Markets LLC in Irvine, California.

“Now that we have a really smart investor taking a really big stake in the company, investors may be saying it’s worth jumping in now,” said Woo, who recommends selling the shares.

Groupon took steps to bolster its international sales, which fell during the most recent quarter, including promoting e-commerce veteran Kal Raman to chief operating officer last week.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.