• 02 Jun 2011 at 3:30 PM

Groupon Files For IPO

By Bess Levin

Andrew Mason wants $750 million.

The IPO will be handled by Morgan Stanley, Goldman Sachs, and Credit Suisse, according to the filing. The Chicago-based company, founded in 2008, will trade under the ticker GRPN…Groupon’s revenue surged to $644.7 million in the first quarter, a 14-fold increase from $44.2 million a year earlier. The company recorded a $113.9 million net loss in the period, because of a $208 million marketing expense and $178.9 million in selling, general and administrative costs

[Bloomberg]

Comments (15)

  1. 1
    Posted by Karl Mozurkewich | June 2, 2011 at 7:54 PM

    They should be making money, not losing it. I give it 3 years until it busts.

  2. 2
    Posted by trojan | June 2, 2011 at 8:01 PM

    they should price the ipo on their own site

  3. 3
    Posted by Karl Mozurkewich | June 2, 2011 at 8:05 PM

    word.  people in recessions love coupons, as things recover, this company is toast.  dude was just on that head-shop cnbc and said ‘the bottom line will take care of itself’.  non-starter.

  4. 4
    Posted by New paradigm | June 2, 2011 at 8:28 PM

    1 word: bitcoins

  5. 5
    Posted by Guest | June 2, 2011 at 8:33 PM

    Can’t blame them for wanting to get paid LNKD style. It’s better than the scraps they’ll have left when it’s dead  in a few years.

  6. 6
    Posted by Guess | June 2, 2011 at 8:45 PM

    what, you’re not totally in love with their robust  “adjusted consolidated segment operating income?” You must be a Luddite.

  7. 7
    Posted by Guest | June 2, 2011 at 9:14 PM

    What, all that money I spend on immaterial things like acquiring customers, paying taxes, or comp? Don’t worry about that stuff. NBD.

    - Andrew Mason, Accounting Visionary and Genius

  8. 8
    Posted by trojan | June 2, 2011 at 9:14 PM

    about as narrow moat as you can get

  9. 9
    Posted by Haines Comfortsoft | June 2, 2011 at 10:12 PM

    wait, Marketing and SG & A are non-recurring right?

  10. 10
    Posted by Guest | June 3, 2011 at 4:18 AM

    Awesome. Current book value per share is negative $ 0.64. If Groupon is valued at $ 20 billion each share will be priced roughly at $67.

    Post-IPO book value per share should be around $2.50 if the company raises the 750million.
    So the clowns who subscribe to this shit will be diluted 94% so they will only need a 2600% increase on a pershare basis to get your money back at the IPO price.

    Good luck idiots

  11. 11
    Posted by Head of AIG Risk Management | June 3, 2011 at 10:51 AM

    Put us down for a billion shares! 

  12. 12
    Posted by Guest | June 3, 2011 at 1:48 PM

    I like the optimism.

    -Jay Walker

  13. 13
    Posted by Guest | June 3, 2011 at 5:53 PM

     Yeah, will do.

    - GS trader who will immediately thereafter short his client

  14. 14
    Posted by Guest | June 3, 2011 at 6:05 PM

    Hate all these nerds who are about to become so much richer than me. What’s the world coming to??

  15. 15
    Posted by Bear | June 4, 2011 at 5:28 AM

    how could a money losing company  be worth 750M? Please G. give a billion, and then it will all make sense!

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