Groupon Files for Its IPO

groupon 2.11.11

It seems Groupon had a plan all along when it shunned Google's advances.

The daily deal site shocked many in the tech world when it turned down the search giant's reported $6 billion dowry.

Things looked dicey there for awhile as competitors, such as Living Social, gained market share and Groupon saw the shine on some of its luster dim.

Thursday, Groupon filed paperwork for its initial public offering in stock. The filing puts the Chicago-based Groupon's IPO value at up to $750 million.

The filing comes on the heels of LinkedIn's successful IPO last month, which opened at $83.

Many social media startups paid close attention to see how the market reacted to one of the major social media startups offering itself on the free market.

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