Groupon co-founder and CEO Andrew Mason may need to wait a little while longer before joining the billionaire-on-paper club.
The daily-deal company’s investment bankers priced the company’s initial public offering at $20 a share last night, valuing the company at $12.65 billion.
That places Mason’s worth just below $1 billion, not that he’s shedding tears over it.
Here’s a breakdown of the largest shareholders’ worth, which of course will fluctuate along with the stock price:
Bloomberg News Eric Lefkofsky Eric Lefkofsky: $2.56 billion
Not bad for the guy who bet $1 million on ThePoint.com, the predecessor to Groupon started by Mason. Talk about “wildly profitable.” This is on top of the $386 million of stock he redeemed earlier this year–shares he paid just $546 for. Yes, $546. Lefkofsky, who now invests in start-ups through his firm, Lightbank, was previously Mason’s boss at a Chicago printing company.
To read the full, original article click on this link: Groupon IPO: What’s Everyone Worth On Paper? - Venture Capital Dispatch - WSJ
