Saturday June 04, 2011, 21:52This past Thursday, Groupon, an elite member of the group of social Internet conglomerates, is stirring up activity in the anticipation of going public. The aim of the newest technology offspring is to raise $3 billion dollars.

If Groupon meets its goals, the company could be roughly worth $30 billion, exceeding the value of Google at its initial public offering. Google raised $1.67 billion in August of 2004, putting its value at $27 billion.

Zynga, a gaming company is also preparing to file with offerings valued over $10 billion. However, the leader in the pact, Facebook recently raised $1.5 billion and is expected to file an offering later this year making the company worth a whooping $80 billion dollars.

Smaller online destinations including music services like Pandora and business networks like LinkedIn have also moved closer to the public market. "I think its all about pent-up demand," Bing Gordon, a venture capitalist and a director of Zynga, said. "Markets are often good predictors, and I do think social is just getting started." The demand to go public, at increasingly higher valuations, has increased concerns that the market is, once again, starting to feel bubbly.

Tweet

The Heat is On with Technology Leaders going Public

, created on Saturday June 04, 2011, 21:52, article tagged with keywords: Groupon, website,

Tags: Groupon, website,

The Heat is On with Technology Leaders going Public

, related articles:

• Opera - there are browsers worse than IE | Blog/News | Sunday December 13, 2009 5:00
  Few reasons: - problem with displaying images, in...
• New York Times will Charge for Online Access | Blog/News | Wednesday January 20, 2010 13:16
  The New York Times is going to charge readers for ...
• Entrepreneur.com writes about a website from our portfolio! | Blog/News | Saturday January 23, 2010 20:19
  Royal Deer Design is working with MV Sport on the ...
• Website loading time | Blog/News | Wednesday February 03, 2010 10:47
  According to a new study from Gomez (the company w...
• Job Search Websites | Blog/News | Saturday February 06, 2010 9:09
  Monster Worldwide (the owner of monster.com) had a...

• Website Design | Articles/Encyclopedia | Sunday January 17, 2010 17:44
  Web design (Website Design). Web design it is a se...
• Bounce Rate | Articles/Encyclopedia | Friday February 26, 2010 21:51
  Bounce rate - a phrase used in website site traffi...

ARCHIVE


Categories:



--