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Groupon Files for $750M IPO

June 02, 2011 – Comments (1) | RELATED TICKERS: GOOG , LNKD

SAN FRANCISCO – Groupon unveiled plans on Thursday for an initial public offering as the red-hot daily deals company prepares to become the latest next-generation Internet company to go public.

In a regulatory filing, Groupon said it plans to raise up to $750 million, but that figure is preliminary.

Groupon’s paperwork revealed it had first-quarter revenue of $644.7 million, nearly surpassing the $713.3 million it raked in for all of 2010. Impressively, the company, which was only founded in November 2009, can now lay claim to 83.1 million subscribers.

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