Tiger Global Fourth-Biggest Groupon Holder After SharesKatherine Burton
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.