Groupon announces IPO

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Groupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011.

Groupon’s profits have been a bit slower to catch up, as the company claims to focus heavily on reinvesting and attracting new customers.  54% of expenditures are spent on their aggressive marketing of potential customers, with the rest spent on sales.  Groupon is also in the midst of entering the international market, where profits have been slower.  Overall, Groupon’s IPO is expected to make waves all around the tech world though.

 

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Reading Time: 1 minute

Groupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011.

Reading Time: 1 minute

Groupon continues its run as the darling of the internet shopping and social media realm by announcing its official initial public offering, and releasing its full financial information.  The company has been growing at an astounding rate, recording a 22,000 increase in revenue last year.  This year’s first quarter almost matches last year’s total revenue of $713 million, with $644 million.  Growth might reach $3 or $4 billion in 2011.

Groupon’s profits have been a bit slower to catch up, as the company claims to focus heavily on reinvesting and attracting new customers.  54% of expenditures are spent on their aggressive marketing of potential customers, with the rest spent on sales.  Groupon is also in the midst of entering the international market, where profits have been slower.  Overall, Groupon’s IPO is expected to make waves all around the tech world though.

 

Do you like this post?
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