Exclusive: Workday Picks Its Bankers for a Fall 2012 IPO

Having started a search for bankers in December, Workday has settled on four who will take it through the IPO process, starting with an S-1 filing expected in mid-July.
Aneel Bhusri

Visa Places Bet on New Approach to Payments With Rare Investment in TrialPay

Visa, Greylock’s Reid Hoffman and others are pouring $40 million into TrialPay, which helps companies like Facebook, Gap and Fandango increase sales through the use of incentives.
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Angie’s List Jumps Quickly in IPO Debut

Angie’s List, the consumer reviews site that members pay for, has completed its IPO at the high-end of its range, raising $75.6 million for the company and $30.7 million for shareholders.
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Exclusive: Aneel Bhusri’s Workday Raises $85 Million at a Whopping $2 Billion Valuation

The cloud-based human resources software outfit is growing fast and eyeing an IPO next year. Among its new investors: T. Rowe Price, Morgan Stanley and Fidelity.
Aneel Bhusri

Take the Money and Run? Twitter Shareholders Now Mulling Cash-Out Offer From DST.

To sell or not to sell any of their shares is the question facing Twitter stakeholders right now, as the second $400 million part of the company’s funding by Russia’s DST Global nears completion.
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Zynga Document Discloses Major Round of Financing in the Works

More evidence has surfaced that Zynga is close to completing a gigantic round of funding just shy of $500 million.

News Byte

Angie's List Raises $53.6 Million in Capital

Angie’s List, which aggregates local services for plumbers, doctors and other businesses, has raised $53.6 million from investors in a round that could end up totaling $60 million, according to a regulatory filing. The company would not comment on specifics, but Bloomberg reported that investors include T. Rowe Price Group. Last year, the Indianapolis-based company raised $25 million from several investors, including T. Rowe Price. Angie’s List provides ratings and reviews to paying members, and introduced a daily deals offer called The Big Deal last year.

Zynga Raising $500 Million at $10 Billion Valuation

The fast-growing social gaming company Zynga is close to completing a funding round of $500 million, valuing the company at $10 billion, said multiple sources. The round includes big institutional investors Morgan Stanley, T. Rowe Price and Fidelity Investments, as well as a token investment from existing venture investor Kleiner Perkins, in order to establish the huge valuation.

At Least Andrew Mason's Goat Rodeo of Groupon Investors Will Be Fun to Watch!

With a ridiculously large investor group and an even larger pile of expectations now, how will Groupon manage its funding success going forward? Whatever happens, the social buying service’s gathering of many of the digital arena’s most prominent VC firms, institutional investors and angels could be one of the digital sectors most interesting sideshows.

First Half of Groupon Funding Done–DST, T. Rowe Price, Fidelity, Capital Group and Morgan Stanley

Groupon has officially raised half of a $950 million funding, getting $500 million from a range of top-drawer investors, said sources close to the situation. Those investors include Russia’s DST Global, T. Rowe Price, Fidelity, Capital Group and Morgan Stanley. It’s unclear how much each investor has put in and who will make up the next tranche of funding, which will also close imminently.

Slip-Sliding Into a Fortune