Groupon IPO: Who Owns What Percentage
As you may be aware, Groupon has just filed for an IPO and hope to raise around $750 million (even though the company isnt profitable yet).
Here is a run down on who owns what inside Groupon:
- Eric Lefkofsky, who was a cofounder of ThePoint (which became Groupon) and originally financed the company, has 21.6%.
- New Enterprise Associates, which invested in ThePoint and then invested again once the company had become Groupon, holds 14.7% of the company.
- CityDeal Management has 10.3% (Groupon acquired CityDeal in May 2010).
- Groupon Cofounder and CEO Andrew Mason has 7.7%.
- Bradley Keywell has 6.9%.
- Accel has 5.6%.
- Also important is the distribution of Class B shares, which, while making up a small percentage of the overall shares, likely have much higher voting rights:
- Both Lefkofsky and Mason have 41.7% of Class B shares.
- Bradley Keywell has 16.7% of the Class B Shares
