Groupon has filed for a share sale raising around USD 1 billion. The Chicago-based company filed a certificate with the State of Delaware, where it is incorporated, seeking authorization to sell up to 30.1 million preferred shares of stock at USD 31.59 per share, or a little more than USD 950 million, the Wall Street Journal reports. The new Series G preferred shares would hold liquidity preferences over all other preferred shareholders from earlier rounds. Should the Series G financing go through with all shares issued, Groupon's valuation could be as high as USD 7.8 billion, according to financial website VC Experts, which reported the filing earlier. Documents outlining the exact amount raised should be filed with the Securities and Exchange Commission next week. Groupon declined to comment.
