Groupon files with SEC for public offering

Following closely on the heels of initial public offering, Groupon Thursday announced plans for an IPO it hopes will raise some $750 million.

today with the Securities and Exchange Commission that offer potential investors a look at the history of burgeoning sales and dramatic losses at the Chicago-based online daily deals company.

Groupon, looking to trade under the moniker GRPN, noted in its filing that it generated $645 million in sales in the first quarter of this year. On the other hand, the company reported a loss of nearly $114 million during the period, on top of a loss of $413 million in 2010.

While Groupon has gained significant name recognition and buzz in the online world since it was launched in Nov. 2008, it has also seen increased competition from a rash of newcomers to the daily deals world, as well as from major Internet players like and .

The increasing competition, though, shows the potential power of a daily deals market that is still led by Groupon.

Morgan Stanley and Goldman Sachs are listed as co-lead underwriters for the IPO, with participation by Credit Suisse.