• The Groupon IPO: What’s Everyone Worth?

    Friday, November 4th, 2011

    Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

    Screen Shot 2011-11-04 at 5.09.52 PM
    Screen Shot 2011-11-04 at 5.09.52 PM
    Individual Shares Worth vote %
    CEO Andrew D. Mason 46,934,488 $1,220,296,688 19%
    Former CTO Kenneth M. Pelletier 2,698,944 $70,172,544
    Former COO Robert S. Solomon 4,055,000 $105,430,000
    Brian K. Totty 624,786 $16,244,436
    Board member Mellody Hobson 10,000 $260,000
    Co-founder Bradley A. Keywell 624,786 $1,071,850,988 10.2%
    Lightbank VC Eric P. Lefkofsky 129,239,408 $3,360,224,608 28.1%
    Board member Theodore J. Leonsis 1,848,770 $48,068,020
    Starbucks Chairman Howard Schultz 1,899,336 $49,382,736
    New Enterprise Associates, Inc 87,453,072 $2,273,779,872 8.8%
    Accel Growth Fund L.P. 33,203,928 $863,302,128 3.4%
    MyCityDeal’s Oliver & Marc Samwer 39,168,960 $1,018,392,960 4%

    After going from selling slippers with flashlights to being a 10,000 employee-strong business in three years, Groupon had its initial public offering today, to much fanfare and well, the opposite reaction. The offering was priced at $20 and experienced an exuberant opening pop of $28, which after a day of trading settled down a bit to close at $26.

    While Groupon’s co-founders and high-level executives notoriously took hundreds of millions off the table in an earlier round of funding, they still had notable skin in the game today, as evidenced by the share allocation on Groupon’s latest S-1. Biggest winner? Lightbank founder Eric Lefkosky, who is now a billionaire three times over with a solid 28.1% voting share. CEO Andrew Mason, by comparison, is now worth $1.2 billion in Groupon stock.

    VC firm Accel Partners and the Samwer brothers are also in enviable positions post IPO, each netting about a billion in Groupon equity for their troubles. It’s probably safe to say that just about everyone on this list is on a customary six month lockout with regards to selling their shares, and God only knows what the stock will be trading at then.

    While we all wait, here’s a video of Mason and I back when he was cool wasn’t such a fancypants. [Hi Andrew :) ]


    Company: Groupon
    Website: groupon.com
    Launch Date: November 11, 2008
    IPO: July 11, 2011, Nasdaq:GRPN

    Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...

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