Groupon Files for IPO
Coupon website Groupon Inc. filed Thursday to go public, looking to raise up to $750 million, in what would be one of this year’s most high-profile initial public offerings…
Groupon had $644.7 million in revenue for the first quarter of 2011, up from $3.3 million in the second quarter of 2009 and $44.2 million in the first quarter of 2010. But it lost $102.7 million in the most recent quarter as it spent heavily on marketing and its expanding sales force.
Founded in November 2008, the Chicago-company rebuffed a $6 billion takeover offer from Google Inc. last year and instead sought to pursue a public offering.