Groupon to Raise Up to $540 Million in IPO
Reports strong third-quarter earnings
Groupon’s IPO finally looks to be back on track as the company inches closer to profitability. Early this morning, the company filed a revised prospectus detailing its upcoming public offering, as well as strong third-quarter earnings that it hopes will silence skepticism about its business plan.
According to the filing, Groupon is seeking to raise between $480 million and $540 million, about three-quarters of the $750 million that it had estimated it would seek when it originally filed for its IPO back in June.
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