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
] and T. Rowe Price
] 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
(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.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now