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Is Groupon IPO Back On?

The wedding's back on! Er, the IPO, we mean. Despite postponing presentations to potential investors this month, Groupon still plans to go public by late October or early November, reports The New York Times, citing sources. "The restart on the I.P.O. process is being driven in part by a resolution between the company and the Securities and Exchange Commission over a memo from Groupon's chief executive to employees that promoted the company's business performance," reports NYT.

"The memo soon became public, raising concerns that the company had violated S.E.C. rules restricting corporate information before an offering to its prospectus." There's also the little matters of ongoing market volatility, negative traffic reports, and senior departures.

In the face of all that, however, the daily deal leader still managed to grow by 13% in August -- increasing its revenue to $120.7 million from $106 million in July -- according to a recent report from daily deals aggregator Yipit.

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1 comment about "Is Groupon IPO Back On?".
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  1. Jill Kennedy from Manka Bros., September 15, 2011 at 12:37 p.m.

    Look, Groupon is doomed. The owners may as well get as much as they can before the whole thing collapses. Daily deal fatigue, deals that aren't really deals, and the fact that thousands of other companies are doing the exact same thing will be the killers of this company. They should have taken the $6 billion from Google. One of the great blunders in corporate history (at least in this current era of great corporate blunders).

    http://mankabros.com/blogs/onmedea/2011/01/13/the-trouble-with-groupon/

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