Groupon, helping to blow more air into the growing tech bubble, filed today for an initial public offering with the Securities and Exchange Commission.
The daily-deals company says it wants to raise $750 million and has hired Morgan Stanley, Credit Suisse, and Goldman Sachs as its bankers. That number can, and often does, change from the first IPO filing papers. And Groupon did not include information about the number of shares it intends to sell, which would give a valuation for the company itself. Some reports say Groupon could be valued at between $20 billion and $25 billion.
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Groupon files its IPO papers
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