Goldman’s Blankfein Pitches For Groupon’s IPO: Report
Advertisement

Goldman’s Blankfein Pitches For Groupon’s IPO: Report

By Reuters

  • 15 Jan 2011

Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company's initial public offering, Bloomberg reported on Friday.

The report was attributed to a single unnamed source.

Banks are currently pitching to underwrite a "meaningfully sized" Groupon IPO, a source previously told Reuters.

Advertisement

Top bank executives sometimes attend so-called "bakeoff" meetings to pitch their banks' ability to underwrite significant IPOs -- but Blankfein is not known for doing so.

Blankfein did not attend the so-called "bakeoff" meetings for General Motors Co's record-setting IPO or American International Group Inc's coming share sale.

A spokesperson for Goldman Sachs declined to comment. Groupon was not immediately available for comment.

Advertisement

Share article on

Advertisement
Advertisement
Google News Icon

Google News

Follow VCCircle on Google News for the latest updates on Business and Startup News