Discount Coupon Company Groupon (GRPN) Files $750M IPO

Online discount coupon company Groupon Inc has filed a registration with the U.S. Securities and Exchange Commission for an initial public offering of up to $750 million under the symbol (GRPN).

According to early analysis, this is what Chicago-based Groupon is sharing in the S-1 filing:

  • The company, which started in November 2008, has over 80 million email subscribers.
  • The company says it increased its revenue from $3.3 million in the second quarter of 2009 to $644.7 million in the first quarter of 2011.
  • The company expanded from five North American markets as of June 30, 2009 to 175 North American markets and 43 countries as of March 31, 2011.
  • The company increased its subscriber base from 152,203 as of June 30, 2009 to 83.1 million as of March 31, 2011.
  • The company increased the number of merchants featured in its marketplace from 212 in the second quarter of 2009 to 56,781 in the first quarter of 2011.
  • The company sold 116,231 Groupons in the second quarter of 2009 compared to 28.1 million Groupons in the first quarter of 2011.
  • The company grew from 37 employees as of June 30, 2009 to 7,107 employees as of March 31, 2011.
  • Groupon, a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount, lost $413 million in 2010.

Founder and Chief Executive Officer Andrew Mason said in a letter to potential stockholders that “While [the co. was] looking forward to being a public company, [it intended] to continue operating according to the long-term focused principles that have gotten [Groupon] to this point.”

You can read entire S-1 filing here.

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