Groupon Files to Raise $750 Million in IPO After Sales Surge
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Groupon Inc., the top online-coupon provider, filed to raise $750 million in an initial public offering, riding a wave of Web-company share sales and giving investors a chance to bet on the surging daily-deal market.
The IPO will be handled by Morgan Stanley, Goldman Sachs Group Inc. and Credit Suisse Group AG, according to the filing. Chicago-based Groupon, founded in 2008, will trade under the ticker GRPN.