Finance-Accel Growth Fund invested $20 million in Groupon by buying 2
Question # 00126268
Posted By:
Updated on: 10/30/2015 02:26 AM Due on: 11/29/2015
In November 2009, Accel Growth Fund invested $20 million in Groupon by buying 2,932,553 shares of
Series E convertible preferred stock. What was the realized IRR of this investment, if the fund sold at IPO
and "each share of Series E preferred stock was converted into 12 shares of Class A common stock on
October 31, 2011" (Amendment No. 8 to form S-1, filed with SEC on November 2, 2011, page II-3)?
Please show your work step-by step. You can attach an Excel file as well.
Series E convertible preferred stock. What was the realized IRR of this investment, if the fund sold at IPO
and "each share of Series E preferred stock was converted into 12 shares of Class A common stock on
October 31, 2011" (Amendment No. 8 to form S-1, filed with SEC on November 2, 2011, page II-3)?
Please show your work step-by step. You can attach an Excel file as well.
-
Rating:
/5
Solution: Finance-Accel Growth Fund invested $20 million in Groupon by buying 2