Groupon files for hotly anticipated IPO

By The Staff The Associated Press

Posted June 2, 2011 5:37 pm

1 min read

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NEW YORK – Fast-growing daily deal site Groupon Inc. has filed paperwork for its hotly anticipated initial public offering of stock.

The regulatory filing Thursday sets the potential value of the IPO at $750 million.

Groupon’s move follows an IPO by social-networking site LinkedIn that valued that company at $9 billion by the end of its first day of trading.

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