Friday, June 3, 2011

Groupon Files For IPO To Raise $750 Million

After CEO Andrew Mason gave an IPO death stare to Kara Swisher at D9, looks like Groupon has filed an S-1 to IPO, looking to raise $750 million. According to the form its 2010 revenues were?$713 million and revenues grew 22.7X in 2010. Quarter 1 2011 revenues were at $644 million. The company grew 13.6 x in Quarter 1,?lost $456 million last year and?lost $146 million last quarter.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Z5NlEOfD-mg/

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