Mark your calendar: November 4, 2011. That is the date Groupon will go public on NASDAQ. The daily deals site, according to the Wall Street Journal, is looking to raise $621 mn in capital, which would give the company a valuation of $11.4 bn. The offering range is $16 to $18. Groupon will trade under the symbol GRPN.
Also interesting is the fact that Groupon announced its Q3 2011 results – the company is close to break-even. The loss of $10.6 mn, down year over year from $49 mn, may indicate that the company has its marketing spend under control, though it could be a temporary pre-IPO measure. Meanwhile, revenue was up sharply from the same period last year, from $81.8 mn to $430.1 mn (a good sign).
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