Updated: @ DLD: Groupon CEO: No Decision Yet On IPO—‘Honest Truth’
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When will Groupon file for an IPO? CEO Andrew Mason says they haven’t decided to even go for one yet. Pressed by Kara Swisher in front of an insanely crowded room at DLD, Mason finally replied: “We are talking to bankers. We’re learning. We don’t know what we’re going to do. That’s the honest truth.”
SEE ALSO: Groupon Plots An IPO That Could Value It At $15 Billion
Why are they looking at it? Because that’s what companies eventually do. And why won’t he admit to turning down the reported Google (NSDQ: GOOG) offer of billions? “It’s not respectful to the other people involved.”
After one barrage, Mason insisted on explaining himself before he moved to another topic. He spoke of observing someone years ago and decided, “What a corporate douchebag. I never want to be like that.” What bothered him most about the questions he couldn’t answer was it made him feel like that.
But this was no Mark Zuckerberg meltdown. Mason, wearing a short-sleeved shirt and a Chicago attitude, more than held his own, answering questions alongside Foursquare’s Dennis Crowley and winding up with a wild event idea best described as Tony & Tina’s Wedding meets The Walking Dead.
Posted In: Advertising, Daily Deals, E-Commerce, Companies, Groupon, andrew mason, dld
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