Is Groupon's Upcoming IPO in Trouble?
The company is raking in revenue—and spending it all
Groupon’s much-anticipated IPO could be in danger, according to the New York Post. With the release of worrisome financial information about the daily deals site and the current precarious state of the stock market, analysts are wondering whether Groupon will be able to reach its massive $30 billion valuation—and even suggesting that the company’s bankers will persuade it to lower its expected offering price by about 30 percent when it goes public.
Yesterday, Groupon filed yet another amended S-1 with the Securities and Exchange Commission—its ninth since the company announced its IPO in June.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in