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Summary:

Groupon will sell 30 million shares in its upcoming IPO, priced at $16 to $18 per share. The company estimates its net proceeds will be $478…

Andrew Mason, CEO, Groupon

Groupon will sell 30 million shares in its upcoming IPO, priced at $16 to $18 per share. The company estimates its net proceeds will be $478.8 million, down from the $750 million the company originally expected to pull in, on a valuation of $10.1 to $11.4 billion.

Groupon had delayed its IPO due to a poor economy and a series of company missteps, but financial data in its SEC filing this morning showed some good news. The company narrowed its losses for Q3 2011, to $10.6 million compared to $49 million in Q3 2010. Groupon’s revenue was $430.2 million in Q3 2011, up from $1.2 million Q2 2009. The company’s subscriber base is now 142.9 million, up from 152,203 as of June 30, 2009.

Groupon now operates in 175 North American countries and 45 countries, with 10,418 employees. A good chunk of its revenues are coming from its international operations–$161.5 million for Q3 2011, with $268.7 million from the North American side.

  1. 175 North American countries

    Really?  What ever happend to editors and proofreading?

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