Thursday, June 2, 2011

Groupon Files For IPO

Daily deals phenomenon Groupon has filed for an IPO, saying in a filing with the SEC Thursday afternoon that it is looking to raised up to $750M in the IPO. The firm said it has applied to list as GRPN, but has not yet selected an exchange. The firm's IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co., and Credit Suisse. The firm reported a net loss of $413.38M on $713.36M in revenues in 2010.