- In response to our campaign for transparency, Groupon, Inc. yesterday disclosed it holds a 2.4% ownership interest in SumUp.
- The new disclosure confirms our thesis of the existence of a previously hidden asset of tremendous value on Groupon’s balance sheet.
- Based on a 2.4% ownership interest and recent news about SumUp’s pending funding round, we estimate this stake alone to be worth ~$15/share.
- Increasing certainty about the value of the SumUp stake accelerates the path for multiple bullish catalysts which will drive Groupon’s share price toward fundamental value, or $70-$100/share, 2.3x-3.3x the current share price.
For further details see:
New Disclosure Confirms The Massive Value Of Groupon's Hidden Asset; Paving The Way For Multiple Bullish Catalysts