Stat of the day: $20bn

The amount Groupon was expected to raise in its stock market debut - which has reportedly been cancelled.

by
Last Updated: 09 Oct 2013
It looks like Groupon’s having second thoughts about its International Public Offering (IPO). The discount site has cancelled its investor roadshow and is revaluating plans for going public, the Wall Street Journal has reported.

Groupon had originally been aiming to go public after Labor Day (5th September), pricing its shares in mid-September, a source told the WSJ. It was one of the most hotly-anticipated technology IPOs this year, and was expected to raise as much as $20bn on its stock market debut. Has the market volatility got the tech firm running scared – or has someone realised that a model based on e-newsletters about fish pedicures isn’t as sustainable as they had thought?

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