Groupon has made an amended filing with the SEC for its planned initial offering of shares. The company now aims to raise up to USD 540 million, in an offering of 30 million shares priced at USD 16-18 each. The underwriters will have the option to sell another 4.5 million shares if demand is strong. The shares will be listed on the Nasdaq market. The offering of just under 5 percent of the company's shares would give it a market capitalisation of around USD 10.8 billion. Groupon also reported a net loss of USD 10.8 million for the third quarter, on revenues of USD 430.2 million. At the end of September, the company was active in 175 North American markets and 45 countries, with revenue from its international operations worth USD 268.7 million in the last quarter. In the third quarter it sold 33 million Groupons and had over 78,000 merchants active on its service.
