Groupon Files For $750M IPO

After months of speculation, Groupon Inc. has filed paperwork for an initial public offering of up to $750 million.

The move follows an IPO by LinkedIn valuing it at $9 billion by the end of its first day of trading.

In May, Groupon was said to be valued at close to $25 billion ahead of an expected initial public offering. That was a big jump from last year when the company was valued at $1.3 billion in April 2010. Since then Groupon has raised more than $950 million in investments.

Late last year Google offered to buy Groupon for $6 billion, but the offer was declined.

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