Report: Groupon may delay IPO

Sep 06, 2011
The Groupon logo is engraved in a glass office partition in the company's international headquarters in Chicago, Illinois, in June 2011. US online deals giant Groupon is reevaluating its plans to go public because of the volatility in the stock market, The Wall Street Journal reported on Tuesday.

Groupon Inc. may delay its plans to go public due to concerns about the stock market's stability, according to a report.

Citing an unnamed source, a Tuesday story in The reported that the online deal site called off its roadshow and is reconsidering when to go through with its "on a week by week basis."

The source said Chicago-based Groupon had planned an investor roadshow for next week and expected to price its stock in the middle of the month.

The source added Groupon was questioned by the about a memo CEO Andrew Mason recently sent to employees, which was leaked to media. The SEC imposes a "quiet period" on companies before an IPO, limiting what they can say publicly.

Explore further: Why the Sony hack isn't big news in Japan

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Groupon files for IPO, seeks to raise $750 million

Jun 02, 2011

Rapidly growing online coupon seller Groupon Inc. is offering its most tantalizing deal yet - an initial public offering of stock likely to intensify a debate about whether an investment bubble is forming ...

Groupon's public valuation close to $20 bln: report

Apr 15, 2011

US coupon deals website Groupon will likely pick Goldman Sachs Group and Morgan Stanley to be principal underwriters for its public offering later in the year, valuing the company at up to $20 billion, the ...

Groupon CEO apologizes to Japanese customers

Jan 17, 2011

(AP) -- The chief executive of Groupon, the rapidly growing online coupon provider, apologized to Japanese customers Monday for a New Year's deal gone wrong that highlighted the difficulties the company faces ...

Recommended for you

Why the Sony hack isn't big news in Japan

12 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

17 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

18 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.