We all knew a wave of web IPOs was coming. LinkedIn’s was the first, and there have been rumors of a filing by Zynga being imminent. Well, the social games company will have to wait: Groupon has through its hat into the ring. Groupon is looking to drum up at least $750 million in capital in an IPO that would value the company at $20 billion. An online deals company, Groupon has shown that the latest incarnation of ‘dotcom’ can bring real money in the door. Q1 revenue was $644.7 mn, up from a meager $44.2 mn for the first quarter of 2010, according to the Wall Street Journal.

Here’s what you need to know about the planned Groupon IPO:

1. Symbol: Groupon will trade under the symbol GRPN.

2. Timing: It could go public in Q3 this year.

3. Big banks brought to bear: Morgan Stanley, Goldman Sachs and Credit Suisse are the lead underwriters.

4. Set to benefit: Groupon’s venture capital investors include Lightbank, Andreessen Horowitz and Battery Ventures. Digital Sky Technologies, the Russian company that has a hefty stake in Facebook, is also an investor.

5. Revenue and profit: Though it posted $644.7 mn in revenue last quarter, it sustained a loss of $146.5 mn.

6. From humble beginnings: Groupon pulled in only $3.3 million in revenue in the second quarter of 2009. For all of 2010, it generated $713.3 mn in revenue.

7. Think globally, act locally: In 43 countries, close to 57,000 local merchants work with the online deals company.

8. A winning number: The number of “Groupons” sold by the company as of March 31, 2011: 28.1 mn!

9. Lots of people are watching: Groupon has more than 7,000 employees.

10. The plan: We’re all familiar with ‘general corporate purposes’, but the Wall Street Journal does note that Groupon may use some of it for acquisitions.

Source: Wall Street Journal