Shayndi Raice, Reporter, The Wall Street Journal

Groupon Reevaluating IPO Plans Due to Market Volatility

September 6, 2011 at 12:42 pm PT

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.

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Tagged with: Groupon, initial public offering, investors, IPO, market, roadshow

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