Groupon just filed for what should be one of the largest IPOs in years — jumping on the IPO bandwagon just two weeks after LinkedIn's big jump on its offering.
The deal-a-day company is looking to raise $750 million, underwritten by Morgan Stanley, Credit Suisse and Goldman Sachs — offering shares from the company and existing shareholders.
Groupon revealed some striking growth — revenue of $644.7 million in the first quarter of 2011, up from $44.2 million in the first quarter of 2010, and just $3.3 million in the second quarter of 2009. The company's trajectory has been staggering — it was founded just in November 2008, and has grown into a massive global business. In the first quarter it sold over 28 million vouchers, nearly hitting the 30 million vouchers it sold in *all* of 2010.
But Groupon is not currently profitable — posting a net loss of $113.9 million (net loss attributable to common stockholders of $146.5 million, while in the year-ago quarter the company posted a gain of over $8 million.