6/3 – Leonsis Expecting Big Payday from Groupon IPO

New Enterprise Associates (NEA) and Wizards and Capitals owner Ted Leonsis, Chicago-based daily deals site Groupon on Thursday filed with the Securities and Exchange Commission (SEC) to raise up to $750 million in its initial public offering (IPO). The company, which in December rebuffed a $6 billion takeover offer from Google, has yet to announce details of the offering, such as the number of shares or their expected price range. Leonsis invested $1 million in the company in February and currently holds about .8 percent of its stock.

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