Groupon Inc., an online coupon seller with numerous clients in the Sacramento region, has been approved to raise as much as $950 million, the latest chapter of the fast-growing company.
Groupon, which passed on a $6 billion offer from Google Inc., could boast the biggest round of equity financing since Pixar in 1995, according to a Reuters report.
In a filing in Delaware, Groupon planned to sell shares for $31.59 each, valuing the company between $6.5 billion and $7.8 billion, according to media reports.
The company said the shares would be converted into publicly traded stock if it launched an initial public offering.
Groupon, which offers online coupons from the East Coast to Sacramento, has become one of the best-known and most successful Internet startups during the past few years.