Groupon hasfiled for an initial public offering of up to $750 million, Financial Times reports. The Illinois-based online coupon provider intends to use the proceeds for working capital and other general purposes, which may include the purchase of other businesses, products or technologies, adds RTT News.
Morgan Stanley, Goldman Sachs and Credit Suisse Securities will be the joint book-running managers for the offering. The shares will be sold by the company and some of its shareholders. Groupon was valued at $5.7 billion as of the end of March.