Question: Please help me figure this out and please show what forumla goes in each yellow tab . In November 2009, Accel Growth Fund invested $20
Please help me figure this out and please show what forumla goes in each yellow tab .
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)? To find the IPO price, you should download Groupons IPO prospectus (form 424B4) from Edgar or other sources.
In November 2009, Accel Growth Fund invested $20 million in Groupon by buying 2,932,553 shares of Series Econvertible preferred stock. What was the realized IRR of this investment, if the fund sold at IPO and "each share ofSeries 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)? To find the IPO price, you should download Groupon's IPO prospectus (form 424B4) from Edgar or other sources. Accel Growth Fund IRR on Equity Investment Series E preferred stock $20,000,000 Equity Value Year 0 Shares 2,932,553 Price at Issue Class A Common Stock Conversion ratio 12 Converted Shares IPO Price Nov. 4, 2011 Equity Value Year 2 IRR
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