Goldman's Blankfein pitches for Groupon's IPO: report
NEW YORK (Reuters) - Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company's initial public offering, Bloomberg reported on Friday.
The report was attributed to a single unnamed source.
Banks are currently pitching to underwrite a "meaningfully sized" Groupon IPO, a source previously told Reuters.
Top bank executives sometimes attend so-called "bakeoff" meetings to pitch their banks' ability to underwrite significant IPOs -- but Blankfein is not known for doing so.
Blankfein did not attend the so-called "bakeoff" meetings for General Motors Co's record-setting IPO or American International Group Inc's coming share sale.
A spokesperson for Goldman Sachs declined to comment. Groupon was not immediately available for comment.
(Reporting by Clare Baldwin, additional reporting by Elinor Comlay)
- Pope attacks mega-salaries and wealth gap in peace message
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Thai military heads agree to meet protest leader at weekend |
- Missouri executes man for killing good Samaritan motorist in 1994
Thousands line up to say goodbye to Nelson Mandela, whose body is lying in state in Pretoria. Slideshow