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Jan 13, 2012

ING taps Goldman to advise on sale of $6bln Asia unit-source

HONG KONG, Jan 13 (Reuters) – Dutch bancassurer ING
has hired Goldman Sachs to handle the sale of
its Asian operations, a source close to the matter told Reuters
on Friday, as the company seeks options for the division after
scrapping its original plan.

JP Morgan is also expected to get an advisory role
for the auction, sources said, though they could not confirm if
the bank was officially hired.

Nov 11, 2011

MF Global fires brokerage staff en masse

NEW YORK, Nov 11 (Reuters) – MF Global (MFGLQ.PK: Quote, Profile, Research) fired all
1,066 of its brokerage employees on Friday, triggering anger
and resentment about the firm’s collapse after bad bets on
European debt under former CEO Jon Corzine’s leadership.

How the final blow was delivered upset many staff — with
some learning by email and others through news on the
television.

Nov 11, 2011

More than 1,000 MF Global workers let go

NEW YORK (Reuters) – MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm’s collapse after bad bets on European debt under former CEO Jon Corzine’s leadership.

How the final blow was delivered upset many staff — with some learning by email and others through news on the television.

Nov 7, 2011

Groupon travels ‘tortured’ road to Nasdaq

Nov 4 (Reuters) – When Groupon Inc filed its plan
to go public with U.S. regulators in June, Chief Executive
Andrew Mason proclaimed in a letter to prospective shareholders
that “life is too short to be a boring company.”

In the months that followed, the daily deals website, which
offers discount coupons for local shops and services, was
anything but boring as a series of blunders threatened its
initial public offering.

Nov 5, 2011

Groupon shares surge but concerns linger

NEW YORK/SAN FRANCISCO, Nov 4 (Reuters) – Shares of Groupon
Inc surged as much as 56 percent on Friday, a solid
debut aided by a small number of shares sold, yet still fell
short of the first-day performances of recent Internet IPOs.

Groupon’s stock closed up 31 percent but the first day pop
paled in comparison to LinkedIn , the professional
social network that went public in May, whose shares doubled in
their debut. Real estate website Zillow also nearly
doubled in its debut in July.

Nov 4, 2011

IPO view: Groupon travels “tortured” road to Nasdaq

By Alistair Barr and Clare Baldwin

(Reuters) – When Groupon Inc filed its plan to go public with U.S. regulators in June, Chief Executive Andrew Mason proclaimed in a letter to prospective shareholders that “life is too short to be a boring company.”

In the months that followed, the daily deals website, which offers discount coupons for local shops and services, was anything but boring as a series of blunders threatened its initial public offering.

Nov 4, 2011

Groupon’s IPO biggest by U.S. Web company since Google

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

The global leader in “daily deals” is now valued at almost $13 billion after saying it increased the offering by 5 million shares to 35 million in total and pricing them at $20 each, above an initial range of $16 to $18.

Nov 4, 2011

Groupon shares surge nearly 56 pct in debut

4 (Reuters) – Shares of daily
deals site Groupon Inc rose more than 50 percent in
their stock market debut on Friday, but at least some of the
early trading exuberance may have come from the small amount of
shares offered.

The shares rose as high as $31.14, or 55.7 percent above
the IPO price in early trading on the Nasdaq, at one point
pushing the market value of the company up to $19.9 billion.
The shares later eased back to $28.36.

Nov 4, 2011

Groupon raises $700 million in biggest Internet IPO since Google

By Alistair Barr and Clare Baldwin

(Reuters) – Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.

The global leader in “daily deals” is now valued at almost $13 billion after saying it increased the offering by 5 million shares to 35 million in total and pricing them at $20 each, above an initial range of $16 to $18.

Nov 4, 2011

Groupon raising $700 mln in closely watched IPO

Nov 3 (Reuters) – Groupon Inc is set to raise at
least $700 million in its initial public offering after the
largest daily deals company increased the price and size of the
deal on strong demand.

Groupon priced the IPO at $20 per share, above the initial
range of $16 to $18, two people familiar with the offering said
on Thursday.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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