The last we heard — and by last we mean two days ago — Groupon had just raised a record-breaking $950 million at a reported $5 billion valuation. The company is already, however, plotting an initial public offering that could value it at as much as $15 billion, according to several press reports. Groupon executives have apparently been meeting with bankers who could take the company public as soon as this spring.
So, what’s Groupon going to do with these huge influxes of cash? It increasingly looks like the company may use them in part to pay for a very aggressive international expansion. Earlier this week, Groupon purchased three daily deals sites in South Africa, Israel and India. And TechCrunch noted in a story this morning that a Groupon job ad in China indicated that the company was planning on having 1,000 employees in that country by March.