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Rating:Get Your Groupon With Fido and T. Rowe Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 03, 2011

Get Your Groupon With Fido and T. Rowe

News summary by MFWire's editors

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. 

Edited by: Neil Anderson, Managing Editor

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