Groupon Reevaluating IPO Plans Due to Market Volatility
Groupon Inc. canceled its roadshow and is reevaluating its plans to go public in the face of stock market volatility, said a person familiar with the matter.
The Chicago-based daily deals site isn’t cancelling its initial public offering, said this person, but is reassessing the timing for an IPO on a week by week basis. Groupon had originally been aiming to go public after Labor Day and to price its shares in mid-September, this person said, adding that the company had set up a roadshow next week to attract potential investors to the stock.
