Another High-Profile IPO: Groupon Going Public
Online coupon company expects to raise $750M
By John Johnson, Newser Staff
Posted Jun 2, 2011 3:45 PM CDT
This screenshot courtesy of Groupon.com shows the site.   (AP Photo/Groupon.com)

(Newser) – If you think Groupon's online coupon idea will continue to be a surefire success against mounting competition, you'll have a chance to bet on it: The company filed paperwork for its much-anticipated initial public offering today, reports MarketWatch. Groupon plans to raise $750 million with its IPO and to trade under the ticker GRPN, notes the Wall Street Journal. It spurned Google's $6 billion offer last year for just this day.

Some relevant numbers:

  • Revenue in this year's first quarter: $644.7 million; in last year's: $44.2 million.
  • But Groupon recorded a $113.9 million net loss in the first quarter because of heavy spending on expansion and marketing.
  • Groupon has deals with 57,000 local merchants in 43 countries.
  • The number of subscribers in the first quarter rose to 83.1 million, up from 3.4 million last year, notes Bloomberg. The number of deals increased from 1.8 million to 28.1 million.
Click to read about LinkedIn's massive IPO earlier this year.

View 1 more image
More From Newser
My Take on This Story
To report an error on this story,
notify our editors.
Groupon Files Paperwork for IPO, Expects to Raise $750 Million is...
14%
0%
43%
5%
38%
0%
Show results without voting
You Might Like
Comments
Showing 1 of 1 comment
JackNelsonSteward
Jun 3, 2011 12:17 PM CDT
There seems to be a LOT of this going on. Are we inflating another "tech bubble" trying to ride out of this recession? I mean, I wouldn't be surprised to find a lot of, "Any port in a storm" going on at this point, and ... if we blow up another bubble to try and get away from the debris still raining down from the LAST one ... aren't we just inviting another BUST? Come back ....