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2IRRIn November 2009, Accel Growth Fund invested $20 million

July 23, 2020/in Feeds /by admin

2IRRIn November 2009, Accel Growth Fund invested $20 million in Groupon by buying2,932,553 shares of Series E convertible preferred stock. What was the realized IRR ofinvestment, ifthe fund sold at IPO and “each share of Series E preferred stock was coninto 12 shares of Class A common stock on October 31, 2011” (Amendment No. 8 to for1, filed with SEC on November 2, 2011, page II-3)? To find the IPO price, you shoulddownload Groupon’s IPO prospectus (form 424B4) from Edgar or other sources.
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