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In November 2009, Accel Growth Fund invested $20 million in Groupon...

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 Groupon’s IPO prospectus (form 424B4) from Edgar or other sources.

S`F

Accel Growth Fund IRR on Equity Investment
Series E preferred stock
Equity Value Year 0 $20,000,000
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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Accel Growth Fund IRR on Equity Investment Series E preferred stock Equity Value Year 0 $20,000,000 Shares 2,932,553 Price at Issue Class A Common Stock Conversion raTo 12 Converted Shares IPO Price Nov. 4, 2011 Equity Value Year 2 IRR 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 investment, if the fund sold at IPO and "each share of Series E preferred stock was con into 12 shares of Class A common stock on October 31, 2011" (Amendment No. 8 to for 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.
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