Groupon files with SEC for public offering

02.06.2011

Groupon's filing didn't say whether it is looking to trade on the Nasdaq or the New York Stock Exchange.

Though its generally considered to be a second-tier player in the social networking world, beat out all the big dogs to become the first U.S.-based social network to complete an IPO.

At the end of its first day of trading, the company was valued at $9.8 billion, about three times the valuation analysts had initially projected.

That success raised a lot of eyebrows as investors and industry analysts had been eyeing that IPO as a possible bellwether for the social media industry as a whole, and .

Facebook, the largest social network in the world, is expected to file for an IPO in late 2012 or shortly thereafter.