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Groupon Files for IPO

Groupon-G-Logo.jpgLooks like everyone is about to get a whole mess of new deals: Chicago-based Groupon just filed to go public to the tune of $750 million. The company, founded by Andrew Mason, had revenues in the first quarter of 2011 of $644.7 million with a net loss of $147 million (in all of 2010, Groupon's revenue totaled $713 million with $456 million in net loss). Groupon operates in 43 countries and has 83.1 million subscribers. When they go public, will they have total world domination? If not, they can put out a Groupon to get more people. [Trib]

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