According to the Wall Street Journal, Groupon Inc. filed today to go public today.
Morgan Stanley, Goldman Sachs Group Inc. and Credit Suisse are the lead underwriters for the IPO
Groupon posted $644.7 million in revenue for the first quarter of 2011, up from $3.3 million in the second quarter of 2009 and $44.2 million in the first quarter of 2010. But it lost $146.5 million in the first quarter.
“People familiar with the matter have previously said it could seek to raise as much as close to $1 billion at a valuation of about $20 billion.”
The company plans to trade under the symbol “GRPN.”