Ten facts about the Groupon IPO that you need to know

Groupon valuation set to DWARF LinkedIn's. Check out these 10 crazy facts about the next huge IPO!

We all knew a wave of web IPOs was coming. LinkedIn’s was the first, and there have been rumors of a filing by Zynga being imminent. Well, the social games company will have to wait: Groupon has through its hat into the ring. Groupon is looking to drum up at least $750 million in capital in an IPO that would value the company at $20 billion. An online deals company, Groupon has shown that the latest incarnation of ‘dotcom’ can bring real money in the door. Q1 revenue was $644.7 mn, up from a meager $44.2 mn for the first quarter of 2010, according to the Wall Street Journal.

Here’s what you need to know about the planned Groupon IPO:

1. Symbol: Groupon will trade under the symbol GRPN.

2. Timing: It could go public in Q3 this year.

3. Big banks brought to bear: Morgan Stanley, Goldman Sachs and Credit Suisse are the lead underwriters.

4. Set to benefit: Groupon’s venture capital investors include Lightbank, Andreessen Horowitz and Battery Ventures. Digital Sky Technologies, the Russian company that has a hefty stake in Facebook, is also an investor.

5. Revenue and profit: Though it posted $644.7 mn in revenue last quarter, it sustained a loss of $146.5 mn.

6. From humble beginnings: Groupon pulled in only $3.3 million in revenue in the second quarter of 2009. For all of 2010, it generated $713.3 mn in revenue.

7. Think globally, act locally: In 43 countries, close to 57,000 local merchants work with the online deals company.

8. A winning number: The number of “Groupons” sold by the company as of March 31, 2011: 28.1 mn!

9. Lots of people are watching: Groupon has more than 7,000 employees.

10. The plan: We’re all familiar with ‘general corporate purposes’, but the Wall Street Journal does note that Groupon may use some of it for acquisitions.

Source: Wall Street Journal