There have been numerous reports (including on Fusion DigiNet) over the past few months forecasting it, so it was no surprise to read Groupon’s SEC filing announcing their $750 million initial public offering. It was also only in January this year that Groupon completed a huge $950 million round of financing valuing the company at $4.75 billion.
Groupon grew out of a website called The Point, a website launched in November 2007 . The business has grown rapidly; revenue has risen from $3.3 million in the second quarter of 2009 to $644.7 million in the first quarter of 2011. However, it is still running at a loss. In the first three months of the year Groupon generated revenues of $644.7 million, made a net loss in the period of $146.48. The reason, the company is spending fast to expand fast. In the period from the second quarter of 2009 to the first quarter of 2011 Groupon’s subscriber base rose from 152,203 to 83.1 million and they are now active in 43 countries.
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.
Read the SEC filing here.
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Related articles:
- Groupon buys Pelago Posted on April 29, 2011
- Groupon completes a huge $950 million round of financing Posted on January 11, 2011
- Groupon rejects Google’s $6 billion offer Posted on December 7, 2010
- Has Google bought Groupon? Posted by Fusion DigiNet on November 30, 2010
- Groupon has acquired European competitor Citydeal Posted on May 18, 2010
- Groupon acquires mob.ly Posted on May 7, 2010
- Groupon raises more funds at a $1.2 million valuation Posted on April 18, 2010
- Groupon has raised a Series B financing round of $30 million December 2, 2009
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