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Corporate Nov 5, 2011

Groupon debuts with a bang, here are some key facts

Groupon Inc, the world's largest daily deals company, debuted on Nasdaq with a bang on Friday, with its stock rising as much as 56 percent and with the company approaching $20 billion in market capitalisation.

Much of that early exuberance may have come from limiting the fraction of the company that was sold.

Following are some facts about Groupon:

The world's largest daily deals company debuted on Nasdaq with a bang on Friday.

Launched: October 2008

Headquarters: Chicago

Scope: operates in 45 countries

Employees: 10,418 as of 30 Sept

Customers: 29.5 million as of the end of Q3 2011

Repeat customers: 16 million since 1 Jan, 2009

Gross billings: $1.16 billion in Q3, up 25 percent from Q2

Q3 net revenue: $430.2 million, up 10 percent from Q2

Average revenue per Groupon web coupon sold: $13 in Q3, up from $12.10 in Q2

Q3 results: Loss of $1.7 million on a pro forma operating basis, down from $62.3 million in Q2

Cash and equivalents, 30 Sept: $243.9 million

Total assets, 30 Sept: $795.6 million

Total liabilities, 30 Sept: $811.2 million

IPO facts (before greenshoe):

• Biggest IPO by a US Internet company since Google Inc

• Planned IPO size in June: up to $750 million

• Final IPO size: $700 million

• Final price: $20 a share, up from $16 to $18 originally

• Final offering size: 35 million shares, up from 30 mln

• At 5.5 percent, is second smallest US float in a decade

Sources: SEC filings, Groupon

Reuters


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