Groupon files $750m share offer

Groupon buildingGroupon has 83 million members around the world
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Daily discount website Groupon is seeking to raise up to $750m (£460m) in an initial public offering (IPO).

It is the latest move by an internet company seeking to cash in on investor appetite for social media firms.

Last month, business networking site LinkedIn saw its shares more than double in value on their first day of trading after the company went public.

IPOs are when companies list their shares on the stock market for the first time.

Groupon offers daily discounts to members on items ranging from meals out and beauty treatments to flying lessons.

The offers are typically available for a set period and for a limited number of buyers.

The company has 83 million members worldwide and employs more than 7,000 staff.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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