“Discount of the day” Groupon files $750 million IPO

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Groupon, an US based e-commerce marketplace, that connects merchants and consumers by offering goods and services at a discount, announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission of America for a proposed initial public offering (IPO) of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by Groupon, and a portion will be sold by certain stockholders of Groupon.

Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC will be the joint book-running managers for the offering. When available, a copy of the preliminary prospectus may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014, via telephone: +1 (866) 718-1649, or by e-mail: prospectus@morganstanley.com; or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, via telephone: +1 (866) 471-2526, via facsimile: +1 (212) 902-9316, or by e-mail: prospectus-ny@ny.email.gs.com; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY, 10010, via telephone: +1 (800) 221-1037, or by e-mail: newyork.prospectus@credit-suisse.com.

A registration statement relating to the securities has been filed with the Securities and Exchange Commission, but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

The following key figures should be for consideration:

  • Proposed stock ticker symbol: GRPN.
  • Subscriber base: 83.1 million at March 31, up from 152,203 at June 30, 2009.
  • Employees: 7,107 at March 31 (about half of Groupon’s employees are sale people.)
  • 1Q 2011 Revenue: $644.7 million
  • 2010 revenue: $713.4 million
  • 2009 revenue: $30.47 million

 

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