US-based coupon website Groupon has filed to go public so it can raise up to $750m, in the latest high-profile technology company IPO to fire up fears about a bubble in the sector.
Morgan Stanley, Goldman Sachs Group and Credit Suisse are the lead underwriters for the IPO of the internet company, which sells coupons for discounted goods and services from local merchants, the Wall Street Journal reports. Founded in 2008, Groupon had $644.7m in revenue for the first quarter of 2011, up from $3.3m in the second quarter of 2009 and $44.2m in the first quarter of 2010. But it lost $102.7m in the most recent quarter, which it attributed to heavy investment in marketing and its expanding sales force. Groupon's filing trails the decision by professional network Linke...
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