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Groupon Value Could Be $25 Billion Ahead Of IPO

Daily deals website Groupon is expected to launch an initial public offering this year that could value the company as high as $25 billion.

People familiar with Groupon's IPO ambitions have revealed that the company is currently in talks with banks about going public, according to Bloomberg.

The sources said that the IPO will happen this year and is likely to value the company at anywhere between $15 billion and $25 billion.

If the anticipated valuation of the company at $25 billion is correct, then it would be worth more than Google's $23 billion valuation when the search engine giant first launched its IPO back in August 2004.

Groupon, allows users to get daily discount deals from local businesses like clothing retailers and restaurants. The company has shown massive growth in the three months after it turned down Google's $6 billion acquisition offer. When Google made the offer, Groupon was operating in 300 markets but it now offers services in 500 markets and has a user base of 70 million.

The most recent round of funding received by Groupon, in which it raised $950 million, valued the company at $4.75 billion. Prior to that, the company was valued at $3 billion in November 2010 and $1.3 billion in April 2010.