It’s happened! Groupon has officially filed for an IPO. After months of rampant rumors, Groupon is finally taking the plunge and gearing up to go public. Some of the deets are as follows:
Groupon is looking to raise $750 million from its 296 million shares, but has not said what the initial price will be. Some of the shares will be offered by Groupon while others will be offered by existing shareholders.
And now: the long awaited but ever elusive financial data. In 2009, Groupon made $30.4 million in revenue. One year later—ONE YEAR LATER—that number jumped to $713 million. And the company is already on track to skyrocket past that number this year. In the first quarter of 2011, Groupon’s revenues totaled $644.7 million, which will put Groupon well over the $1 billion mark by its second quarter.
While the company stopped releasing info on its employees and metrics, Groupon said in its prospectus that it now has over 7,000 employees and 83 million subscribers across 43 countries. More to come!