In June, the company had a reverse stock split, where every 20 shares were converted into one share. Less than two weeks after its debut, shares tumbled and it’s been a bumpy ride ever since. It came back down to earth pretty quickly. Its valuation at the end of its first trading day was $16.6 billion. But we felt like it was fun to do an independent company, and we thought we could make more money doing it that way.”Ī year after walking away from Google, Groupon went public, pricing its initial public offering at $20 a share and raising $700 million in what at the time was the largest initial public offering by a U.S. “We looked at the offer we were getting from Google, and Google seemed like it could have been a great home. “We looked at our numbers, and we were just growing faster than ever,” Mason told the magazine. Yahoo “was kind of this graveyard for cool companies,” Mason told New York Magazine in 2018.īut despite initiating the conversation, Groupon passed on Google. Groupon reached out to Google while the Chicago company was being courted by Yahoo, according to co-founder Andrew Mason.
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