Sunday, June 5, 2011

Updated: Groupon Files For $750 Million IPO

Deals startup Groupon is going public. The Chicago-based company, which opted for independence rather than be acquired by Google (NSDQ: GOOG), filed with the SEC this afternoon. The number of shares and the price range have yet to be determined, but the initial filing is for $750 million in what it is likely to be one of the biggest tech IPOs this year. CEO Andrew Mason ducked repeated questions about the possibility Wednesday during an on-stage interview at D: All Things Digital but did give some of the reasoning a company like his might go public, including returning money to original investors. (Video highlights embedded below.)

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