dozen to over 350. Revenue and bookings also grew swiftly, and the company was valued at over $1 billion after just 16 months in business, the fastest company ever to reach this milestone.

Initial public offering

On June 2, 2011, Groupon filed to go public under the ticker symbol GRPN. The company went public on November 4, 2011, with its shares listed on Nasdaq. It was the biggest IPO by an Internet company since Google in 2004. The IPO was handled by Morgan Stanley,

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