Three years ago, Groupon came onto the scene with just the hint of promise. Today, the Chicago-based start-up has filed to go public and
hopes plans to raise an estimated $750 million for their social buying site.
The site has seen a flourish in revenue since its inception. Shortly after launching in 2008, Groupon made $94 million in revenue. This year, it raked in $713 million. With the company flourishing and gaining huge buzz, investor interest has swelled. Thus, the films behind Groupon have decided to expand their horizons and hopefully, their profits as well.
Sounds like a solid plan to us! So as we keep getting massages and dental work for 50%, we're cool with whatever! LOLz!
Tags: chicago, company, groupon, raise