Groupon news-of-the-day: The local deal-of-the-day site that also has been generating its own news-of-the-day might be worth $15 billion in an initial public offering, Sandra Guy reported in a detailed column about the company in the Sun-Times. Guy also cites NeXtup research, which pegs Groupon stock at $40 per share based on an offering of 165 million shares, while others have been more bullish.
Meantime, the Wall Street Journal said Groupon plans to launch operations in China, which has some 450 million Internet users. The company would be competing with hundreds of Chinese deal sites that have sprung up in the wake of Groupon’s meteoric growth. One Chinese search engine suggests transactions on Chinese deal sites could exceed 16 billion yuan or about $2.4 billion, according to the Journal’s report.