Groupon files for $750M IPO

Popular group-buying site Groupon just filed for a $750 million initial public offering.

The news isn’t a huge surprise, since there have been reports about Groupon advancing towards an IPO for the past few months. Chief executive Andrew Mason (pictured with a little Photoshop work) appeared at the D9 conference yesterday where he dodged most questions about an IPO by staring silently (and hilariously) at interviewer Kara Swisher. However, he did acknowledge that the company had been in discussions with bankers and offered the following explanation for why a hypothetical company might want to go public:

I run a business, and the business has shareholders who at some point want to get money. Going public is a way for people to get money. In this day and age, people have a tolerance for companies running for the long-term [rather than short-term profits]. I don’t think there’s any downside.

The Chicago-headquartered company is growing at as astonishing rate — according to the filing, its revenue went from $94,000 in 2008 to $30 million in 2009 and $713 million. Despite that growth, the company still appears to be running at a loss.

Groupon’s investors include Accel Partners, New Enterprise Associates, Kleiner Perkins Caufield & Byers, Battery Ventures, Greylock Partners, Mail.ru Group (formerly Digital Sky Technologies), Maverick Capital, Silver Lake, and Technology Crossover. The company is actually raising less money in its IPO than it did with its most recent, $950 million round of funding.

You can read more details about Groupon’s finances here. And here’s the filing with the Securities and Exchange Commission.


VentureBeat is studying the state of marketing technology. Chime in, and we’ll share the data.

Trackbacks

  1. [...] follows a number of high-profile Web IPOs and IPO filings, including Groupon’s filing last week. CafePress is a bit less sexy — it’s older, having been founded in 1999, and it isn’t [...]

  2. [...] follows a number of high-profile Web IPOs and IPO filings, including Groupon’s filing last week. CafePress is a bit less sexy — it’s older, having been founded in 1999, and it isn’t [...]

  3. [...] websites have made waves in the investment community during the last few months. Group deals site Groupon filed for a $750 million IPO earlier this month and will likely start trading publicly later this year. With its new funds, the [...]

  4. [...] Groupon在内的又一家高调网络公开募股的公司。建立于1999年的 CafePress [...]

  5. [...] The current share price values Pandora at more than $3 billion, which is pretty good for a company that brought in $137.8 million in revenue during its most recent fiscal year. There are still concerns about its long-term business model, especially about its rising music costs. But today seems like a good day, not just for Pandora and its investors, but also for other Web companies that plan to go public, including Groupon. [...]

  6. [...] The current share price values Pandora at more than $3 billion, which is pretty good for a company that brought in $137.8 million in revenue during its most recent fiscal year. There are still concerns about its long-term business model, especially about its rising music costs. But today seems like a good day, not just for Pandora and its investors, but also for other Web companies that plan to go public, including Groupon. [...]

  7. [...] Most famously, Accel was one of the first investors in Facebook, a deal that put partner Jim Breyer at the number one spot on Forbes’ most recent Midas Lidas of top VCs. The firm was also an investor in Groupon, which recently filed for a $750 million initial public offering. [...]

  8. [...] filed for an IPO in March and joins other Web companies aiming to go public this year, such as Groupon and Zillow. In the last few months, car sharing service Zipcar, professional social network [...]

  9. [...] the heels of filing its $750 million initial public offering, online coupon startup Groupon is under heavy scrutiny from [...]

  10. [...] Groupon filed a $750 million initial public offering earlier this month despite heavy criticism about the company’s long-term sustainability. The [...]

  11. [...] LivingSocial’s fiercest competitor and the top player in the daily deals market, filed a $750 million initial public offering earlier this month. The company has consistently lost money every quarter since launching in 2009 [...]

  12. [...] last year, but Groupon denied the reported $6 billion offer to pursue its own lofty goals and even already filed for an $750 million IPO. In response, Google introduced Offers, which could prove dangerous to Groupon, LivingSocial, and [...]

  13. [...] In theory, these deals are a mutualism: free marketing and new customers for a share of the profit. Daily deals have made companies like Groupon successful enough to file for an initial public offering. [...]

  14. [...] In theory, these deals are a mutualism: free marketing and new customers for a share of the profit. Daily deals have made companies like Groupon successful enough to file for an initial public offering. [...]

  15. [...] In theory, these deals are a mutualism: free marketing and new customers for a share of the profit. Daily deals have made companies like Groupon successful enough to file for an initial public offering. [...]

  16. [...] In theory, these deals are a mutualism: free marketing and new customers for a share of the profit. Daily deals have made companies like Groupon successful enough to file for an initial public offering. [...]

  17. [...] In theory, these deals are a mutualism: free marketing and new customers for a share of the profit. Daily deals have made companies like Groupon successful enough to file for an initial public offering. [...]

  18. [...] 2010, but Groupon declined the reported $6 billion offer to pursue its own lofty goals and even filed for a $750 million IPO. (Although, that IPO may be in trouble now.) In response, Google introduced Offers, which will pose [...]

  19. [...] 2010, but Groupon declined the reported $6 billion offer to pursue its own lofty goals and even filed for a $750 million IPO. (Although, that IPO may be in trouble now.) In response, Google introduced Offers, which will pose [...]

  20. [...] 2010, but Groupon declined the reported $6 billion offer to pursue its own lofty goals and even filed for a $750 million IPO (although, that IPO may be in trouble now). In response, Google introduced Offers, which will pose [...]

  21. [...] En théorie, ces offres sont un mutualisme: la libre commercialisation et de nouveaux customers pour une element des bénéfices. Offres du jour ont fait des sociétés comme Groupon assez de succès pour pour une période initiale offre publique . [...]

  22. [...] which filed an initial public offering in June 2011 to raise an estimated $750 million, has delayed its IPO plans due to stock market [...]

  23. [...] which filed an initial public offering in June 2011 to raise an estimated $750 million, has delayed its IPO plans due to stock market [...]

  24. [...] , qui a déposé une offre publique initiale en Juin 2011 pour élever un montant estimé à 750 millions a retardé son introduction en bourse des programs raison de la volatilité des marchés boursiers . [...]

  25. [...] which filed an initial public offering in June 2011 to raise an estimated $750 million, has delayed its IPO plans due to stock market [...]

  26. [...] , qui a déposé une offre publique initiale en Juin 2011 pour élever un montant estimé à 750 thousands and thousands a retardé son introduction en bourse des plans raison de la volatilité des marchés boursiers . [...]

  27. [...] In theory, these deals are a mutualism: giveaway selling and new business for a share of a profit. Daily deals have done companies like Groupon successful adequate to file for an initial open offering. [...]

  28. [...] which filed an initial public offering in June, makes money when subscribers of its email list purchase online deals offered by local [...]

  29. [...] che abbia presentato una offerta pubblica iniziale in giugno, fa soldi quando sottoscrittori delle sue occasioni e-mail lista di acquisto online [...]

  30. [...] which filed an initial public offering in June, makes money when subscribers of its email list purchase online deals offered by local [...]

  31. [...] which filed an initial public offering in June, makes money when subscribers to its email list purchase online deals offered by local [...]

  32. [...] which filed an initial public offering in June, makes money when subscribers to its email list purchase online deals offered by local [...]

  33. [...] which filed an initial public offering in June, makes money when subscribers to its email list purchase online deals offered by local [...]

  34. [...] which filed an initial public offering in June, makes money when subscribers to its email list purchase online deals offered by local [...]

  35. [...] year, but Groupon declined the reported $6 billion offer to pursue its own lofty goals and has even filed for a $750 million IPO. In response, [stock symbol="GOOG"]Google[/stock] introduced Offers, which could prove dangerous to [...]