Groupon Files For IPO

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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]

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