Thursday, June 2, 2011

Groupon Files $750 Million IPO

Groupon Files $750 Million IPO
Submitted by Tyler Durden on 06/02/2011 15:05 -0400

Capital Expenditures Digital Millennium Copyright Act Goldman Sachs Investment Grade Morgan Stanley

Here is the key data from the Morgan Stanley (lead Underwriter), Goldman Sachs and Credit Suisse-led IPO:

Q1 Revenue: $644 million, up from $44 million a year prior
Q1 Gross Profit: $270 million, 41.9% margin, up from $20 million a year prior, and down from the margin of 45.5%
Q1 Loss from operations: ($117) million compared to $8.5 million profit a year earlier.
Q1 subscribers: 83.1 million, up from 3.4 million
Q1 cash flow: $6.978 million down from $12.0 million a year earlier
Cumulative customers: 15.8 million, up from 874K
Featured merchants 56.781 up from 2,903
Groupons sold: 28 million compared to 1.76 million
Cash balance: $208.7 million; Working capital deficit: ($228.7) million
Total Assets: $541.4 million, Total Liabilities: $14.8 million
Total shares outstanding: 296,140,145
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