MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 3, 2011 Get Your Groupon With Fido and T. Rowe Fundsters interested in the internet startup side of the investing world may want to check out the latest news on Groupon. On Thursday the New York Times' Evelyn Rusli broke the news that the Chicago-based deal site has already raised $500 million in a new round of financing, with mutual fund firms Fidelity [see profile] and T. Rowe Price [see profile] both taking part. And Groupon has filed to raise up to $450 million more in the coming weeks. Other news outlets picked up the story, including: the Chicago Sun Times and Fortune (others cited the New York Times). The Times described the financing round as one of several signs that Groupon is pushing towards an IPO this year. Printed from: MFWire.com/story.asp?s=35533 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |